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107-B5-2
2. Solve each word problem.
Example
Jessica put $40 in the bank at 6% yearly interest. How much money does she
have after 3 years?
a. Thomas put $270 in the bank at 5% yearly interest. How much money does
Thomas have after 1 year?
b. Ann put money in the bank at 4% yearly interest. Ann received $64 as interest
in 4 years. How much was the principal?
c. Kate put $50 in the bank. Kate has $54.50 after 2 years. What was the yearly
interest?
2. Solve each word problem.
Example
Jessica put $40 in the bank at 6% yearly interest. How much money does she
have after 3 years?
a. Thomas put $270 in the bank at 5% yearly interest. How much money does
Thomas have after 1 year?
b. Ann put money in the bank at 4% yearly interest. Ann received $64 as interest
in 4 years. How much was the principal?
c. Kate put $50 in the bank. Kate has $54.50 after 2 years. What was the yearly
interest?
