Solve the Problem

question 90

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.
-John Lee's savings account has a balance of $4466. After 15 months, what will the amount of interest be at 2.8% per year?

• A) $140.05
• B) $125.05
• C) $156.31
• D) $297.73

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Definitions:

Imports

Goods or services brought into one country from another for sale or exchange.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculating the total value of all goods and services produced over a specific time period.

Government Transfers

Payments made by the government to individuals without the expectation of work or goods and services in return, like welfare or social security.

GDP

Gross Domestic Product, a measure of the economic performance of a country, representing the total value of all goods and services produced over a specific time period.