Question

West deposited $15,500 in a savings account earning 2.5% interest.

What was the total interest earned at the end of 8 years?

A.
$310.00

B.
$484.38

C.
$3,100.00

D.
$4,843.75

Answer 1

C
$3,100.00

Answer 2

Lily invested $750 in a savings account and earned $225 in interest at the end of 5 years.

What was the interest rate?

A.
5%

B.
5.5%

C.
6%

D.
6.5%