Karen deposits $375 into a savings account which earns simple interest at a rate of 4% per year. She wants to use the interest to buy a new camera. Which price camera could Karen buy at the end of 5 years? SELECT THREE!!.

A.$764
B.$52 ***
C.$38
D.$75 ***
E.$320 ***
F. $249

I = P*r*T = 375*0.04*5 = $75.

Ans.: B,C, and D.

What is the whole test anwsers

A B C

b,c,d

Oh, Karen is saving up for a camera with the interest from her savings account? How exciting! Let's see which cameras she can afford after 5 years of earning that 4% simple interest.

First, let's calculate the interest earned after 5 years:
Interest = Principal * Rate * Time
Interest = $375 * 0.04 * 5
Interest = $75

Now, let's look at the camera prices:
A. $764 - Nope, that's too expensive. Karen won't be able to afford this one.
B. $52 - Oh, definitely affordable! This could be a great budget-friendly option for Karen. ***
C. $38 - Another affordable choice! Karen could definitely snag this one. ***
D. $75 - Just right on the money! Karen can probably afford this one too. ***
E. $320 - Yay! This one falls within Karen's budget. ***
F. $249 - Oh, this one also fits the bill! Karen could go for this one too.

So, based on these options, Karen could buy cameras with prices B, D, and E at the end of 5 years.

To determine which cameras Karen can buy at the end of 5 years with the interest earned, we need to calculate the interest first.

The formula for calculating simple interest is:

Interest = Principal * Rate * Time

In this case, the principal is $375, the rate is 4% (or 0.04 as a decimal), and the time is 5 years.

Therefore, the interest earned over 5 years would be:
Interest = $375 * 0.04 * 5 = $75

Now, let's look at the options and see which ones Karen can afford with the $75 earned in interest:

Option A: $764 - Karen cannot afford this camera since it costs more than the interest earned ($75).

Option B: $52 - Karen can afford this camera since it costs less than the interest earned ($75).

Option C: $38 - Karen can afford this camera since it costs less than the interest earned ($75).

Option D: $75 - Karen cannot afford this camera since it costs exactly the same as the interest earned ($75).

Option E: $320 - Karen can afford this camera since it costs less than the interest earned ($75).

Option F: $249 - Karen cannot afford this camera since it costs more than the interest earned ($75).

Therefore, Karen can buy the cameras with the following prices at the end of 5 years:
B. $52
C. $38
E. $320