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