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# 3.

Interest
1) If \$1,000 is deposited in a certain bank account and remains in the account along with any accumulated interest, the dollar amount of interest, I, earned by the deposit in the first n years is given by the formula I = 1,000 ( (1 r!100)"n # 1 ),

where r percent is the annual interest rate paid by the bank\$ Is the annual interest rate paid by the bank greater than % percent& (1) 'he deposit earns a total of \$(10 in interest in the first two years\$ (() ( 1 r!100 )"( ) 1\$* () +obin split a total of \$(,,000 between ( investments, - and .\$ If investment earns /0 simple annual interest, how much of that total did +obin put into investment .& 1\$ 1ach investment earns the same dollar amount of the interest annually\$ (\$ Investment - earns * percent simple annual interest\$ 2) 3n investment of d dollars at k percent simple annual interest yields \$400 over a ( year period\$ In terms of d, what dollar amount invested at the same rate will yield \$(,,000 over a 2 year period& 3\$ ((d)!2 5\$ (2d)!, 6\$ (,d)!2 7\$ (2d)!( 1\$ (%d)!2 ,) 8inda put an amount of money into each of two new investments, 3 and 5, that pay simple annual interest\$ If the annual interest rate of investment 5 is 1 1!( times that of investment 3, what amount did 8inda put into investment 3 1\$ 'he interest for 1 year is \$*0 for investment 3 and \$1*0 for investment 5 (\$ 'he amount that 8inda put into investment 5 is twice the amount that she put into investment 3 *) If \$1,000 is deposited in a certain bank account and remains in the account along with any accumulated interest, the dollar amount of interest, I, earned by the deposit in the first n years is given by the formula I = 1,000 ( (1 r!100)"n # 1 ),

where r percent is the annual interest rate paid by the bank\$ Is the annual interest rate paid by the bank greater than % percent&

(1) 'he deposit earns a total of \$(10 in interest in the first two years\$ (() ( 1 r!100 )"( ) 1\$* 4) if \$1,000 is deposited in a certain bank account and remains in the account along with any accrued interest, the dollar amount of interest, I, earned by deposit in the first n years is given by9 I = 1,000 ((1 r!100)"n #1) where r percent is the annual interest rate paid by the bank\$ Is the annual interest rate paid by the bank ) %0& 1) the deposit earns a total of \$(10 in interest in the first ( years\$ () (1 r!100)"( ) 1\$1*