Jennifer invested $310 in a simple interest account. The account earns 2.6%/year.How much will Jennifer have in her account in 7 months?
Jennifer invested $374 in a simple interest account. The account now has $578 in it.The money has been invested for 7 years. What interest rate (as a percentage) did this account have?
Joey receives $1574 from his grandparents. He wants to invest it for 5 years, to be used for university tuition. He has the option of two plans: 3.16% per annum, compounded monthly or 4% per annum, compounded annually. How much money is in the account after 5 years if he takes option 1?