1.
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.
$53,875.20
B.
$44,896.00
C.
$4489.60
D.
$448,960
Hint
2.
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.
$141.75
C.
$118.13
D.
$1417.50
Hint
3.
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.
5.4%
B.
1.6%
C.
3.9%
D.
4.3%
Hint
4.
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.
$1116; $1891
B.
$111.60; $663.40
C.
$111.60; $886.60
D.
$886.60; $998.20
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.
$685.44
B.
$68.54
C.
$571.20
D.
$57.12
Hint