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1) Patsy Bryan deposits $1,500 in a savings account at Carson Savings Bank. The account pays an annual interest rate of 3 % percent. She makes no other deposits or withdrawals. After 4 months, the interest is calculated. How much simple INTEREST does her money earn? (from Section 5.4)

1) Patsy Bryan deposits $1,500 in a savings account at Carson Savings Bank. The account pays an annual interest rate of 3 % percent. She makes no other deposits or withdrawals. After 4 months, the interest is calculated. How much simple INTEREST does her money earn? (from Section 5.4)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Period 6 LA Meet - knu-fnuw-axa NZ13M)YXMZUY/a/MjkyMTYwMzk50DU3/details Warm-up, 3/3 Answer the following questions. d or create 1) Patsy Bryan deposits $1,500 in a savings account at Carson Savings Bank. The account pays an annual interest rate of 3 % percent. She makes no other deposits or withdrawals. After 4 months, the interest is calculated. How much simple INTEREST does her money earn? (from Section 5.4) 2) Simpsons Bank pays 4 percent interest compounded quarterly on regular savings accounts. Nathaniel Larson deposited $1,000 for 3 years. He made no other deposits or withdrawals. How much was Larson's as done AMOUNT at the end of 3 years? (from Section 5.6) aments o CARL MATTHEWS Page 2 I 2 Q + & 7. 8.
Transcribed Image Text:Period 6 LA Meet - knu-fnuw-axa NZ13M)YXMZUY/a/MjkyMTYwMzk50DU3/details Warm-up, 3/3 Answer the following questions. d or create 1) Patsy Bryan deposits $1,500 in a savings account at Carson Savings Bank. The account pays an annual interest rate of 3 % percent. She makes no other deposits or withdrawals. After 4 months, the interest is calculated. How much simple INTEREST does her money earn? (from Section 5.4) 2) Simpsons Bank pays 4 percent interest compounded quarterly on regular savings accounts. Nathaniel Larson deposited $1,000 for 3 years. He made no other deposits or withdrawals. How much was Larson's as done AMOUNT at the end of 3 years? (from Section 5.6) aments o CARL MATTHEWS Page 2 I 2 Q + & 7. 8.
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