A Student Has a Savings Account Earning 9% Simple Interest

question 26

Multiple Choice

A student has a savings account earning 9% simple interest. She must pay $1,900 for first-semester tuition by September 1 and $1,900 for second-semester tuition by January 1. How much must she earn in the summer (by September 1) in order to pay the first-semester bill on time and still have the remainder of her summer earnings grow to $1,900 between September 1 and January 1? Round your answer to two decimal places. ​

• A)$3,771.92
• B)$3,758.19
• C)$3,744.66
• D)$3,718.18
• E)$3,775.88

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Definitions:

Midline

An imaginary line or anatomical axis that divides an organism's body into symmetrical or equal left and right halves.

Interneurons

Specialized neurons that transmit impulses between other neurons, especially as part of reflexes or neural circuits.

Sensory Neurons

Neurons responsible for converting external stimuli from the organism's environment into internal electrical impulses.

Motor Neurons

Motor neurons are nerve cells that transmit signals from the central nervous system to muscles or glands, causing them to contract or secrete.