

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. 
$1833.60 
B. 
$1358.40 


C. 
$5433.60 
D. 
$633.60 


Hint 


2. 
What is the interest earned on a $348 investmant at % for 9 months? 


A. 
$22.62 
B. 
$11.31 


C. 
$16.97 
D. 
$15.08 


Hint 


3. 
Determine the amount of interest owed after 2 years on a $850 loan at % if no payments are made. 


A. 
$1058.25 
B. 
$208.25 


C. 
$104.13 
D. 
$745.87 


Hint 


4. 
Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years. 


A. 
$90.34 
B. 
$79.37 


C. 
$28.50 
D. 
$26.46 


Hint 


5. 
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. 
$23.22 
D. 
$278.59 


Hint 


