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. $4489.60 B. $53,875.20
    C. $448,960 D. $44,896.00
    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. $141.75
    C. $118.13 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. 1.6%
    C. 3.9% D. 5.4%
    Hint

  5.   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. $1301.40; $1522.80 B. $221.40; $1301.40
    C. $265.68; $1345.68 D. $2656.80;$3736.80
    Hint



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