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



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