9) Ralph owes $165 in interest for a simple interest loan that he took out 6 months ago. If the annual rate of the loan was 15%, what was the original amount tha borrowed? a. $1,800 b. O $2,200 c. O $3,000 d. O $3,254 10) Pete opens a simple interest savings account that earns 5% annual interest with an initial deposit of $3500. If he doesn't touch the account for 18 months, I interest will he earn? a. O $50.50 b. O $95.00 c. O $262.50 d. O $562.00
9) Ralph owes $165 in interest for a simple interest loan that he took out 6 months ago. If the annual rate of the loan was 15%, what was the original amount tha borrowed? a. $1,800 b. O $2,200 c. O $3,000 d. O $3,254 10) Pete opens a simple interest savings account that earns 5% annual interest with an initial deposit of $3500. If he doesn't touch the account for 18 months, I interest will he earn? a. O $50.50 b. O $95.00 c. O $262.50 d. O $562.00
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Questions # 9,10
Transcribed Image Text:9) Ralph owes $165 in interest for a simple interest loan that he took out 6 months ago. If the annual rate of the loan was 15%, what was the original amount that he
borrowed?
a. O $1,800
b. O $2,200
vo
c. O $3,000
d. O $3,254
10) Pete opens a simple interest savings account that earns 5% annual interest with an initial deposit of $3500. If he doesn't touch the account for 18 months, how much
interest will he earn?
a. O $50.50
b. O $95.00
c. O $262.50
d. O $562.00
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