12. You sell \( T \)-shirts for a fundraiser. It costs \( \$ 112 \) to have the T-shirts m: You make \( \$ 98 \) in sales. What is your profit?

If \( \$ 3000 \) is invested in a bank account at an interest rate of \( 9 \% \) per year, Find the amount in the bank after 5 years if interest is compounded annually: Find the amount in the bank after 5 years if interest is compounded quaterly: Find the amount in the bank after 5 years if interest is compounded monthly: Finally, find the amount in the bank after 5 years if interest is compounded continuou

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If \( \$ 6000 \) is invested in a bank account at an interest rate of \( 6 \% \) per year, Find the amount in the bank after 6 years if interest is compounded annuall 8511.11 Find the amount in the bank after 6 years if interest is compounded quaterly Find the amount in the bank after 6 years if interest is compounded monthly

Scott invested a total of \( \$ 6300 \) at two separate banks. One bank pays simple interest of \( 10 \% \) per year while the other pays simple interest at a rate of \( 6 \% \) per year. If Scott earned \( \$ 502.00 \) in interest during a single year, how much did he have on deposit in each bank? Scott had \( \$ 3100 \) on deposit at the bank that payed \( 10 \% \) interest.

The Franklins bought a house for \( \$ 262,000 \). They put \( 20 \% \) down and financed the rest with a thirty-year loan at \( 5 \frac{3}{8} \% \). (a) Find their monthly payment. (Round your answer to the nearest cent.) \( \$ 1173.70 \) (b) If they paid an extra \( \$ 85 \) per month, how early would their loan be paid off? (HINT: This involves some trial-and- (Hr