1.
Find the interest earned if $580 is placed in a savings account at 4.8% simple interest for
years.
A.
$48.72
B.
$14.50
C.
$27.84
D.
$69.60
Hint
2.
What is the interest earned on a $348 investmant at
% for
9 months?
A.
$22.62
B.
$16.97
C.
$15.08
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.
$104.13
B.
$208.25
C.
$745.87
D.
$1058.25
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.
$28.50
C.
$79.37
D.
$26.46
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.
$106.50
B.
$85.20
C.
$100.00
D.
$266.25
Hint