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.
$5433.60
C.
$1358.40
D.
$633.60
Hint
2.
Determine the amount of interest owed after 2 years on a $850 loan at
% if no payments are made.
A.
$745.87
B.
$104.13
C.
$1058.25
D.
$208.25
Hint
3.
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.
$278.59
B.
$23.22
C.
$4.11
D.
$49.30
Hint
4.
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.
$589.60
B.
$569.80
C.
$946.00
D.
$294.80
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.
$85.20
B.
$106.50
C.
$100.00
D.
$266.25
Hint