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