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. $5433.60 B. $1358.40
    C. $633.60 D. $1833.60
    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. $1058.25
    C. $745.87 D. $104.13
    Hint

  3.   Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years.
    A. $28.50 B. $90.34
    C. $79.37 D. $26.46
    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. $8,018.21 B. $531.51
    C. $56,127.46 D. $10,569.46
    Hint

  5.   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. $946.00
    C. $569.80 D. $294.80
    Hint



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