Gracia's grandfather deposited $4,850.00 into a savings account that earns 3.75% annual simple interest. He plans to give the money to Gracia as a college graduation gift. He will make no additional deposits or withdrawals.

Question

Which amounts are closest to the total interest earned and the account balance at the end of 5 years?
Move the correct answer to each box. Not all answers will be used.
$181.88
$909.38
$980.18
$5,031.88
$5,759.38
$5,830.18
At the end of 5 years, the total interest earned is closest to blank
and the account balance is closest to blank

Answer 1

At the end of 5 years, the total interest earned is closest to $909.38
and the account balance is closest to $5,759.38