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For an account that earns simple annual interest, find the interest and the balance of the account. (Round your answer to 2 decimal places.) (a). $25,820 invested at 25% for 5 months. Balance = $ Number Interest = $ Number

For an account that earns simple annual interest, find the interest and the balance of the account. (Round your answer to 2 decimal places.) (a). $25,820 invested at 25% for 5 months. Balance = $ Number Interest = $ Number

Intermediate Algebra
Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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For an account that earns simple annual interest, find the interest and the balance of the account. (Round your answer to 2 decimal places.) (a). $25,820 invested at 25% for 5 months. Balance = $ Number Interest = $ Number (b). $45,614 invested at 16% for 7 days. Balance = $ Number Interest = $ Number (c). $74,835 invested at 4% for 55 days. Balance = $ Number Interest = $ Number (d). $5,680 invested at 7% for 9 months. Balance = $ Number Interest = $ Number
Transcribed Image Text:For an account that earns simple annual interest, find the interest and the balance of the account. (Round your answer to 2 decimal places.) (a). $25,820 invested at 25% for 5 months. Balance = $ Number Interest = $ Number (b). $45,614 invested at 16% for 7 days. Balance = $ Number Interest = $ Number (c). $74,835 invested at 4% for 55 days. Balance = $ Number Interest = $ Number (d). $5,680 invested at 7% for 9 months. Balance = $ Number Interest = $ Number
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