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