1.) (7.RP.3) Tracy started a savings account that is set up so that the simple interest earned on the investment is moved into a
separate account at the end of each year. Tracy invests $5,000 at 4.5%, what is the total simple interest accumulated in the checking account after 2 years? Show your work. * $4.50
$45
$450
$4,500
$45,000
2. (7.RP.3) Sylvia bought a 6-month $1900 certificate of deposit. At the end of 6 months, she received a $209 simple interest. What rate of interest did the certificate pay? *
6.95 to one decimal place would be 7 because if it was 6.9 then it would round to 7 and the 6.95 rounds the 9 to a 10 and you cant have 6.10 so it would be 7.
