

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. 
$1833.60 


C. 
$5433.60 
D. 
$1358.40 


Hint 


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


A. 
$15.08 
B. 
$22.62 


C. 
$16.97 
D. 
$11.31 


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. 
$745.87 


C. 
$104.13 
D. 
$208.25 


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. 
$10,569.46 


C. 
$531.51 
D. 
$8,018.21 


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. 
$266.25 
B. 
$85.20 


C. 
$106.50 
D. 
$100.00 


Hint 


