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 $15,500 at a rate of 14.6%/year for 3 years? Round the answer to the nearest cent.
    A. $3184.93 B. $6789.00
    C. $67,8990.00 D. $678.90
    Hint

  3.   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. $118.13 B. $1417.50
    C. $141.75 D. $1181.25
    Hint

  4.   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. $29.16 B. $3499.20
    C. $349.92 D. $291.60
    Hint

  5.   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. $571.20
    C. $57.12 D. $685.44
    Hint



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