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. $2828.80 B. $282,880.00
    C. $282.88 D. $33,945.60
    Hint

  2.   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. $44,896.00
    C. $4489.60 D. $53,875.20
    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. $1181.25 B. $118.13
    C. $141.75 D. $1417.50
    Hint

  4.   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. 4.3% B. 3.9%
    C. 1.6% D. 5.4%
    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. $2304 B. $230.40
    C. $192 D. $19.20
    Hint



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