An elite private college receives large donations from successful alumni. The account which holds these donations now has $955 million.?

1.How much would the account earn in 1 year of simple interest at a rate of 2.33%?Round to the nearest dollar

2. How much would the account earn in 1 year at 2.33% if the interest was compounded quarterly? Round to the nearest dollar3. If the money is used to pay full scholarships, and the price of tuition is $61,000 per year, how many more students can receive full 4-year scholarships if the interest was compounded quarterly rather than using simple interest. 

2 Answers

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  • Bill
    Lv 4
    2 months ago

    What you are looking for is someone to do your homework so you get the credit (if any).  But by not knowing how to do the calculations how are you planning on answering the similar test questions?

  • Anonymous
    2 months ago

    So many worthless cheaters.

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