1. Becky received $1,900 from her tax returns last year. If she invests that money in an account that yields 5.9% interest and is not compounded, how much interest will she earn if she leave the money in the account for 2 3/4 years?
2. Edward invested $43,800 in an account with yields 4.8% annually and is not compounded. How much will be in the account after two years?
3. Frank invested $12,700 add 8.8% interest that is compounded annually. What is his total balance after five years?
4. When Georgia started kindergarten, her parents set aside $10,000 in an account that yielded 5.6% interest compounded annually to pay for her college tuition. After six years of elementary school, three years of middle school and four years of high school, how much was in the account for Georgia’s college to tuition?
5. Harrison has an account with a balance of $155.59. This account has an interest rate of 9.4% compounded annually and the initial investment was two years ago. How much was the initial investment?
6. Iago invested $1240 in an account that yields 8% and is compounded annually. How much interest will Iago earn after two years?
7. At the end of three years, Josh had a balance of $1837.57 in an account that yielded 7% interest compounded annually. How much of that was interest?
