A $2,500 bond earns 4.5% simple annual Interest. How much is the bond worth after 18 months? $168.75 $2,670.63 $2,668.75 $4,525.00

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A $2,500 bond earns 4.5% simple annual Interest. How much is the bond worth after 18
months?
20 polnts
$168.75
$2,670.63
$2,668.75
O $4,525.00
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Page 2 of
Transcribed Image Text:* Required A $2,500 bond earns 4.5% simple annual Interest. How much is the bond worth after 18 months? 20 polnts $168.75 $2,670.63 $2,668.75 O $4,525.00 Back Next Page 2 of
Devon opened a savings account with an Intial deposit of $2,750. The balance will earn
6.5% interest compounded annually. He does not deposit any additional money or make any
withdrawals from this account. What will his account balance be after 8 years?
20 po
O $4,551.24
$7,301.24
$23,430.00
$36,300.00
Back
Next
Page 3
Transcribed Image Text:Devon opened a savings account with an Intial deposit of $2,750. The balance will earn 6.5% interest compounded annually. He does not deposit any additional money or make any withdrawals from this account. What will his account balance be after 8 years? 20 po O $4,551.24 $7,301.24 $23,430.00 $36,300.00 Back Next Page 3
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