answer these questions

Question

Mr. Jenkins deposited $1,250 into an account. He made no additional deposits or withdrawals. Mr. Jenkins earned 4.25% annual simple interest on the money in the account.

What was the balance in dollars and cents in Mr. Jenkins's account at the end of 4 years?

Question 12 options:

$212.50

$1,462.50

$1,250

$425.00

Question 13 (1 point)
Tamara invested $15,000 in an account that pays 4% annual simple interest. Tamara will not make any additional deposits or withdrawals. How much interest will Tamara earn on her investment at the end of 3 years?

Question 13 options:

$1,800

$600

$450

$1,873

Answer 1

Question 12:
At the end of 4 years, the balance in Mr. Jenkins's account would be:
$1,250 + ($1,250 * 0.0425 * 4) = $1,462.50

Therefore, the correct answer is: $1,462.50

Question 13:
The interest Tamara will earn on her investment at the end of 3 years would be:
$15,000 * 0.04 * 3 = $1,800

Therefore, the correct answer is: $1,800