1. jeffrey currently has an account balance of $1,565.00. his initial deposit on the account was $625 and it earned 4.7% simple interest. how long has jeffrey held the account?
32 years

21 years

13 years

53 years

2. kathryn currently has an account balance of $2,248.95. she opened the account 7 years ago with a deposit of $1,762.14. if the interest compounds quarterly, what is the interest rate on the account?

0.9%

3.5%

9.0%

14.2%

3. wynonna opened a savings account 30 years ago with a deposit of $5,140.17. the account has an interest rate of 3.6% compounded quarterly. how much interest has wynonna earned?

$9,923.04

$5,325.22

$9,711.32

$15,063.21

4. roberta deposited $3,116.92 into a savings account with an interest rate of 3.9% compounded quarterly. about how long will it take for the account to be worth $7,000?

14 years, 5 months

20 years, 10 months

21 years, 2 months

29 years, 11 months

5. tracy purchased a building for $209,350. the land appreciates about 4.5% each year. what is the value of the land after 15 years?

$221,440.14

$104,935.77

$405,151.38

$350,661.25