bank rates interest

Tony borrows $4700 from a bank for a period of 1 year. He finds that he has to repay $5170 . Find the bank's rate of interest. => 10 % or 7% or 8 % or 9%..

Josh invested $5000 in a bank. The balance was $6600 after 8 years. Find the interest rate the bank paid him. => 5% or 6% or 3% or 4%..

Jim deposited some amount in a bank at a rate of 3% compound interest. What was the amount deposited initially, if the balance in his account at the end of 5 years is found to be $3000? => $2826.35 or $2485.45 or $2686.45 or $2586.20..

In a bank the interest is compounded continuously at the rate of 10 %. About how long does it take for a sum of $ x to double? => 6.9 years or 6.5 years or 6.7 years or 7 years..

Find the simple interest earned on $2800 deposited in a bank at 2% annual interest after 5 years. => $270 or $280 or $230 or $305..

A bank pays 4% interest compounded yearly on a deposit of $900. What will be the balance in the account after 7 years? => $1288 or $1088 or $2376 or $1188..

David wants to invest some amount in a bank which will return 4 % interest compounded continuously. Find approximately, the amount that David needs to invest in the bank in order to have $ 60,000 in 10 years. => $40,000 or $30,000 or $4,000 or $20,000..

A bank pays 3% interest compounded yearly on a deposit of $600. What will be the balance in the account after 4 years? => $575 or $1350 or $675 or $775..

Find the simple interest received by John, if he deposits $440 for a period of 3 years at an interest rate of 5%. => $67 or $65 or $68 or $66..

Find the simple interest on a principal of $430 for a period of 3 years at an interest rate of 3%. => $37.70 or $40.70 or $39.70 or $38.70..