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

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

  3.   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. $28.50
    C. $26.46 D. $90.34
    Hint

  4.   Find the interest earned if you place $76.43 into an account that pays 21.5% simple interest, and leave it in for 3 months.
    A. $4.11 B. $49.30
    C. $278.59 D. $23.22
    Hint

  5.   If you buy a necklace for $400 on your credit card, which charges 21.3% simple interest, how much interest will be added after 15 months?
    A. $100.00 B. $85.20
    C. $266.25 D. $106.50
    Hint



Glencoe
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