Hi could anyone please help me with this assignment.

Finance

Multiple Choice

Choose only the best answer

1) Avery deposited $1,250 in a new savings account. Use the following below to determine which amount is closest to the balance of the account at the end of 3 years. (1 of 3)

The following:

The bank pays 5.5% interest compounded annually on this account.

Avery makes no additional deposits or withdrawals.

A. $1,467.80

B. $1,567.80

C. $1,456.25

D. $1,532.75

2) Mrs. Pace opened an account with a deposit of $3,500. Use the following below to determine what is the annual interest rate on her account? (2 of 3)

The following:

The account earned annual simple interest.

She did not make any additional deposits or withdrawals.

At the end of 5 years, the balance of the account was $4,690.

A. 5.8%

B. 6.8%

C. 7.5%

D. 3.5%

3) Daniel deposits $1,250 into each of two savings accounts shown in the following below. Daniel does not make any additional deposits or withdrawals. What is the sum of the balances of Account A and Account B at the end of 4 years? (3 of 3)

The following:

Account A earns 5% annual simple interest.

Account B earns 5% interest compounded annually.

A. $1,500

B. $1,519.38

C. $3,019.38

D. $2,857.59