1.
What is the interest earned on a principal of $36,800 at a rate of 6.1%/year for 2 years? Round the answer to the nearest cent.
A.
$448,960
B.
$53,875.20
C.
$4489.60
D.
$44,896.00
Hint
2.
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; $886.60
B.
$111.60; $663.40
C.
$1116; $1891
D.
$886.60; $998.20
Hint
3.
What is the interest earned and amount due on a principal of $1080 at an interest of 4.1%/year for 60 months? Round the answer to the nearest cent.
A.
$265.68; $1345.68
B.
$2656.80;$3736.80
C.
$1301.40; $1522.80
D.
$221.40; $1301.40
Hint
4.
What is the interest earned on a principal of $680 at an interest of 4.2%/year for 24 months? Round the answer to the nearest cent.
A.
$68.54
B.
$57.12
C.
$571.20
D.
$685.44
Hint
5.
What is the interest earned on a principal of $750 at an interest of 6.4%/year for 48 months? Round the answer to the nearest cent.
A.
$192
B.
$19.20
C.
$230.40
D.
$2304
Hint