Solve the Problem

question 210

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round the answer to the nearest cent
unless otherwise indicated.
-John Lee's savings account has a balance of $4610. After 21 months, what will the amount of interest be at 4.3% per year?

• A)$219.24
• B)$198.23
• C)$346.90
• D)$219.52

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Definitions:

Historical

Pertaining to the study or representation of past events.

Rational Authority

A form of leadership where authority is based on legal rationality, professional knowledge, and official positions rather than personal power.

Agreed Upon Rules

Stipulations or guidelines that have been consensually accepted and followed by members of a group or society to facilitate order and predictability.

Charismatic

Pertaining to an individual's exceptional personal qualities or abilities that inspire devotion or fascination in others.