1.
What is the simple interest for 48 months loan of $5200 at an annual rate of 13.6%? Round the answer to the nearest cent.
A.
$33,945.60
B.
$282.88
C.
$282,880.00
D.
$2828.80
Hint
2.
What is the interest earned on a principal of $675.00 at an interest of 8.75%/year for 24 months? Round the answer to the nearest cent.
A.
$141.75
B.
$1181.25
C.
$1417.50
D.
$118.13
Hint
3.
What is the rate of interest on a principal of $1800, interest amount of $140 for 2 years? Round the percent to the nearest tenth.
A.
1.6%
B.
4.3%
C.
5.4%
D.
3.9%
Hint
4.
What is the interest earned and amount due on a principal of $775.00 at an interest of 3.6%/year for 4 years? Round the answer to the nearest cent.
A.
$111.60; $663.40
B.
$1116; $1891
C.
$111.60; $886.60
D.
$886.60; $998.20
Hint
5.
What is the interest earned on a principal of $1350 at an interest of 7.2%/year for 36 months? Round the answer to the nearest cent.
A.
$291.60
B.
$349.92
C.
$29.16
D.
$3499.20
Hint