What are the answer with work shown NamePeriodHW 5 Interest.Algebra 2Write an equation for each situation. Then solve the problem.1. Emma has $600 in a bank account that earns 3.6% annual interest. How much moneywill she have in the account after 8 years?2. Jack got a loan to buy a new car. He borrowed $5500 and must pay 12% annual interest.How much money will he have to pay back if he pays it five years later?3. Zach is going to college next year. He is going to borrow $14,000 for tuition. The loanhas an interest rate of 3.2% annually. How much is the loan worth 12 years later?4. Cynthia is saving money to send her son to college. She has $8000 in an account thatearns 7.1% interest per year. How much will she have in the account after 6 years?5. Nine years ago, Matthew put money in an account that earns 6% annual interest. Theaccount now has $14000 in it. How much did he originally have in the account?6. Charlie just finished paying a loan. It took him 4 years and the annual interest rate was15%. If he paid $9500 at the end, how much was the original loan for?

!. Emily has $600 in a bank account, Principal P= $ 600Rate R =3.6% annual interest and time t =…

Answered: What are the answer with work shown

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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