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.
$2828.80
B.
$33,945.60
C.
$282.88
D.
$282,880.00
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 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.
$2656.80;$3736.80
B.
$221.40; $1301.40
C.
$265.68; $1345.68
D.
$1301.40; $1522.80
Hint
4.
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.
$68.54
B.
$571.20
C.
$57.12
D.
$685.44
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.
$192
B.
$2304
C.
$19.20
D.
$230.40
Hint