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. $1358.40 B. $1833.60
    C. $633.60 D. $5433.60
    Hint

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

  3.   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. $28.50
    C. $26.46 D. $79.37
    Hint

  4.   If you invest $7,593 in an account that pays 5.6% simple interest, and you leave all of the money in the account, what is the balance of the account after 7 years?
    A. $56,127.46 B. $531.51
    C. $8,018.21 D. $10,569.46
    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. $49.30 B. $278.59
    C. $4.11 D. $23.22
    Hint



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