answer these qestions
An employee put $5,000.00 in a retirement account that offers 9% interest compounded annually. The employee makes no additional deposits or withdrawals. Which amount is closest to the interest the employee will have earned at the end of 5 years?
Question 5 options:
$229.09
$450.00
$2,250.00
$2,693.12
Question 7 Needs Answer
Question 7 (1 point)
Retake question
A customer will borrow $12,000 to buy a car. Which loan option would allow the customer to pay the least amount of interest?
Question 7 options:
A 4‑year loan with a 5.2% annual simple interest rate
A 5‑year loan with a 4.2% annual simple interest rate
A 6‑year loan with a 4.7% annual simple interest rate
A 3‑year loan with an 8.4% annual simple interest rate
Question 8 Needs Answer
Question 8 (1 point)
Retake question
Two customers took out loans from a bank.
Henry took out a 4-year loan for $5,000 and paid 4.2% annual simple interest.
Ingrid took out a 6-year loan for $5,000 and paid 3.9% annual simple interest.
What is the difference between the amounts of interest Henry and Ingrid paid for their loans?
Question 8 options:
$417
$150
$60
$330
For Question 5, the closest amount to the interest earned at the end of 5 years would be $2,693.12.
For Question 7, the option that would allow the customer to pay the least amount of interest would be a 3-year loan with an 8.4% annual simple interest rate.
For Question 8, the difference between the amounts of interest Henry and Ingrid paid for their loans would be $60.