Maude and Matilda each have a bank CD. Maude's is $1,500 larger than Matilda's, but Maude's interest rate is 2% less. Last year Maude received interest of $600, and Matilda received $490. Find the rate of interest for each CD.
?
A. Maude at 15%; Matilda at 17%
B. Maude at 12%; Matilda at 19%
C. Maude at 12%; Matilda at 15%
D. Maude at 15%; Matilda at 19%
E. Maude at 12%; Matilda at 14%
Answer: E
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Suppose that Nora invested $900 at 9.25% compounded annually for 9 years and Patti invested $900 at 9% compounded quarterly for 9 years. At the end of 9 years, who will have the most money and by how much (to the nearest dollar)?
A. Nora by $10 B. Patti by $3 C. Nora by $3 D. Patti by $10 E. They will have equal amounts of money.
Solve the problem by using addition, subtraction, multiplication, or division as needed.At the beginning of the year, Mr. Ito put $4806 in the bank. At the end of the year $941 in interest had been earned. How much money was in the account at the end of the year?
A. $3865 B. $4,522,446 C. $5747 D. $5758
Find the present value. Round to the nearest cent.To get $6500 after 2 years at 6% compounded quarterly
A. $5,770.12 B. $5,856.67 C. $5,784.98 D. $729.88
Write a quadratic equation in standard form with the given solution set.{-
, 
}
A. x2 + 2
x - 3 = 0
B. x2 + 3 = 0
C. x2 - 2
x + 3 = 0
D. x2 - 3 = 0