1. Determine the simple interest earned on each investment. a) $400 is invested at 3.5% annual simple interest for 52 weeks. b) $1200 is invested at 7% per year, simple interest, for 90 days.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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1. Determine the simple interest earned on each investment.
a) $400 is invested at 3.5% annual simple interest for 52 weeks.
b) $1200 is invested at 7% per year, simple interest, for 90 days.
Transcribed Image Text:1. Determine the simple interest earned on each investment. a) $400 is invested at 3.5% annual simple interest for 52 weeks. b) $1200 is invested at 7% per year, simple interest, for 90 days.
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