Sunday, December 4, 2011

Consumer math help please?

Check Register Balance $492.31


Bank Statement Balance $529.03


Outstanding Checks $14.67 and $24.56


Service Charges $75.95





What is the true balance of the checking account?





Find the true balance:





Check register balance $785.26


Bank statement balance $615.68


Outstanding checks $120.65 and $56.93


Service charge $8.00





Jeremy had a starting balance of $122.00 in his savings passbook. He made these transactions: Deposits of $68.52 and $46.35; Withdrawals of $95.00 and $20.50; Interest $1.50. What is his final balance?





Patty deposited $650 in a savings account with 2% simple interest. If she keeps it in the account for 1 year, how much interest will she earn?





Johnny deposited $1230 in a savings account at 2.25% interest. How much interest will the account earn in 10 years?





Will got an insurance check of $4500 after a car accident. He deposited it into a savings account at 1.7% interest for 5 years. What was the total amount of money in the account after 5 years?





Account Type





Principal





Rate





Time


Simple Interest





$8000





1.8%





5 y


Compounded Semiannually





$8000





1.8%





5 y


Compounded Quarterly





$8000





1.8%





5 y


Use the table to answer questions 33 through 35.


Use this formula for interest that is compounded:


33


Find the amount of savings in the simple interest account at the end of 5 years.|||so we're doing you homework for you now? the better question is how do you rack up $75 in service charges?

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