Solve the Problem

question 43

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.
-John Leeʹs savings account has a balance of $2183. After 27 months, what will the amount of Interest be at 6.8% per year?

• A) $175.45
• B) $148.44
• C) $80.85
• D) $334.00

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Definitions:

Defensive

Behaving in a manner aimed at protecting oneself from criticism, challenge, or accusation.

Think

The process of using one's mind to consider or reason about something.

Speak

To utter words or articulate sounds with the ordinary voice; to express thoughts, opinions, or information verbally.

Encourage

To support, inspire, or motivate individuals or groups to take action or to continue with an activity.