1.   Find the total amount in the account to the nearest cent if $900 is deposited in an account with an annual interest rate of 6.25% for 7 months.
    A. $932.81 B. $1,293.75
    C. $32.81 D. $393.75
    Hint

  2.   Nick borrowed $5,500.00 to purchase a used car. The bank charges 10.25% interest on Nick's loan for a period of 5 years. Find the amount of interest Nick will pay on his loan.
    A. $8,318.75 B. $281.88
    C. $5,781.88 D. $2,818.75
    Hint

  3.   Find the total amount in an account to the nearest cent if $750 is deposited at 8.2% for 1 years.
    A. $811.50 B. $92.25
    C. $840.00 D. $842.25
    Hint

  4.   Amber borrowed $2,100 to buy a big screen television. She will be paying $103.25 each month for the next 24 months. Find the simple interest rate for her loan.
    A. 10% B. 9%
    C. 10.5% D. 9.5%
    Hint

  5.   Dakota borrowed $4,200 to buy furniture. He will be paying $108.50 per month for the next 48 months. Find the simple interest rate for his loan.
    A. 12% B. 6%
    C. 10% D. 8%
    Hint



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