1.
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.
$53,875.20
B.
$4489.60
C.
$448,960
D.
$44,896.00
Hint
2.
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.
5.4%
B.
3.9%
C.
1.6%
D.
4.3%
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.
$111.60; $663.40
C.
$886.60; $998.20
D.
$1116; $1891
Hint
4.
What is the interest earned on a principal of $1350 at an interest of 7.2%/year for 36 months? Round the answer to the nearest cent.
A.
$3499.20
B.
$291.60
C.
$29.16
D.
$349.92
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.
$230.40
C.
$192
D.
$2304
Hint