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. $2828.80
    C. $282.88 D. $282,880.00
    Hint

  2.   What is the interest earned on a principal of $15,500 at a rate of 14.6%/year for 3 years? Round the answer to the nearest cent.
    A. $3184.93 B. $678.90
    C. $6789.00 D. $67,8990.00
    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. $886.60; $998.20
    C. $1116; $1891 D. $111.60; $663.40
    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. $221.40; $1301.40 B. $1301.40; $1522.80
    C. $2656.80;$3736.80 D. $265.68; $1345.68
    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. $2304
    C. $230.40 D. $192
    Hint



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