Wednesday
September 17, 2014

Homework Help: Math

Posted by Terry B on Sunday, April 6, 2008 at 9:57pm.

Please check my work, thank you

If $7,800 is deposited into an account paying 6% interest compounded annually (at the end of each year), how much money is in the account after 2 years?
A=$8,268.00

Rewrite the statement, using percent notation. Out of every 100 eligible people, 87 voted in a recent election
A=87%

Dave invested $8,500 in a time deposit. What interest will he earn for 2 years if the interest rate is 4.75%?
A=$807.50

Steve was charged $60.00 interest for 1 month on a $3,000 credit card balance. What was the monthly interest rate?
A=50%

If $1,000.00 is deposited into an account paying 3% interest compounded annually (at the end of each year), how much money is in the account after 5 years? (Round to the nearest cent.)
A= $1,159.27

thank you, I'm struggling with story problems even if it appears to be simple

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