1) Margo borrows $100, agreeing to pay back with 2% annual interest after 16 it months. How much interest will she pay? Round your answer to the nearest cent, if necessary. $. 2) A retiree invests...

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1) Margo borrows $100, agreeing to pay<br>back with 2% annual interest after 16<br>it<br>months. How much interest will she pay?<br>Round your answer to the nearest cent, if<br>necessary.<br>$.<br>2) A retiree invests $5,000 in a savings plan<br>that pays<br>per year. What will the<br>account balance be at the end of the first<br>7%<br>year?<br>24<br>-<br>3) Find the simple interest on a loan of<br>$2,500 at 5.3% interest for 11 months<br>%24<br>

Extracted text: 1) Margo borrows $100, agreeing to pay back with 2% annual interest after 16 it months. How much interest will she pay? Round your answer to the nearest cent, if necessary. $. 2) A retiree invests $5,000 in a savings plan that pays per year. What will the account balance be at the end of the first 7% year? 24 - 3) Find the simple interest on a loan of $2,500 at 5.3% interest for 11 months %24

Jun 11, 2022

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1) Margo borrows $100, agreeing to pay back with 2% annual interest after 16 it months. How much interest will she pay? Round your answer to the nearest cent, if necessary. $. 2) A retiree invests...

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