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



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