Page 18 - MATH Success - G

Math Success • Mathematical Problems for the Next Generation of Assessments level
G
13 Max’s mother opens up an account to start his college fund. She initially deposits $500. The account draws 3% annual interest. Choose the correct value from the box that makes the statement true.
Assuming that no withdrawals or additional deposits are made, the account will have
after two years.
14 A business borrows $800 from a bank. The bank charges 2% interest per year. Choose the correct value from the box that makes the statement true.
The business will owe after five years.
$506.00 $515.00 $530.00 $530.45
$880.00
$883.26 $1080.80 $1600.00
16
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