8
QuizMultiple Choice

Simple Interest — Unit test

Question 8 • MO-Mathematics 7

Jon invests $4,100 into an account that pays 5 percent simple interest each year. What is the total balance in the account after 3 years?

Answer
A
$615.00
B
$3,485.00
C
$4,305.00
D
$4,715.00
Jon invests $4,100 into an account that pays 5…