1. Jared borrowed $300 from his mother to buy an x-box 360. Jared will pay her back in 4 years with 3.5% simple interest. How much total money will he payback to his mother at the end of the 4 years? (Hint: which formula should you use simple or compound, what is the principal, what is the rate, what is the time.) 2. Jackie deposits $225 in an account that pays 4.1% interest compound annually. How much money would Jackie have in her account after 1.5 years? (Hint: which formula should you use simple or compound, what is the principal, what is the rate, what is the time.)

3. Stephanie placed $1,700 in an account that earns 6% interest compounded annually. How much money will she have in the account at the end of 48 months? (Hint: which formula should you use simple or compound, what is the principal, what is the rate, what is the time.)