Question
Acri invested $500 for 3 years at a rate of 2.8% per year compound interest.
Calculate the final amount he has after 3 years.
Answer/Explanation
Ans: 543.19
Question
Shania invests $750 at a rate of \(2\frac{1}{2}%\) per year simple interest.
Calculate the total amount Shania has after 5 years.
Answer/Explanation
Ans: 843.75
Question
Hazel invests $1800 for 7 years at a rate of 1.5% per year compound interest.
Calculate how much interest she will receive after the 7 years.
Give your answer correct to the nearest dollar.
Answer/Explanation
Ans: 198