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.
$282,880.00
C.
$282.88
D.
$2828.80
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.
$53,875.20
B.
$44,896.00
C.
$448,960
D.
$4489.60
Hint
3.
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.
$221.40; $1301.40
B.
$265.68; $1345.68
C.
$1301.40; $1522.80
D.
$2656.80;$3736.80
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.
$3499.20
B.
$29.16
C.
$291.60
D.
$349.92
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.
$19.20
B.
$192
C.
$230.40
D.
$2304
Hint