AnswersDAEP - Math 7 A 20 DAY TERMFinding an Original Amount

Finding an Original Amount Answers

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The simple interest earned in year 1 is calculated as .

A
(0.03)(250)
B
(0.3)(250)
C
(3)(250)
D
(30)(250)
2
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The simple interest earned in year 1 is .

A
$0.075
B
$0.75
C
$7.50
D
$75.00
3

The total interest earned at the end of year 4 is .

A
$7.50
B
$75.00
C
$30.00
D
$300.00
4

Use the information to answer the question.How much interest is paid?

A
$111.45
B
$1,114.50
C
$11,145
D
$111,450
5

Mika invested $200 into a certificate of deposit. After 6 months, the balance was $220. What was the interest rate on the deposit?I = prt20 = (200)(r)(0.5)

A
10%
B
20%
C
40%
D
50%

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