1.   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. $141.75
    C. $1417.50 D. $1181.25
    Hint

  2.   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. 3.9% B. 1.6%
    C. 4.3% D. 5.4%
    Hint

  3.   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. $1116; $1891
    C. $111.60; $663.40 D. $886.60; $998.20
    Hint

  4.   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. $2656.80;$3736.80 B. $265.68; $1345.68
    C. $221.40; $1301.40 D. $1301.40; $1522.80
    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. $57.12
    C. $571.20 D. $685.44
    Hint



Glencoe
The McGraw-Hill Companies