1.   If you invest $1200 in an account that pays 13.2% simple interest, what is the balance of the account after 4 years?
    A. $633.60 B. $5433.60
    C. $1833.60 D. $1358.40
    Hint

  2.   What is the interest earned on a $348 investmant at % for
9 months?
    A. $11.31 B. $15.08
    C. $22.62 D. $16.97
    Hint

  3.   Determine the amount of interest owed after 2 years on a $850 loan at % if no payments are made.
    A. $104.13 B. $745.87
    C. $1058.25 D. $208.25
    Hint

  4.   Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years.
    A. $79.37 B. $26.46
    C. $90.34 D. $28.50
    Hint

  5.   If you take out a loan for $550 at 7.2% simple interest and make no payments for 6 months, how much do you owe total?
    A. $569.80 B. $589.60
    C. $294.80 D. $946.00
    Hint



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