1.
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.
$118.13
B.
$141.75
C.
$1417.50
D.
$1181.25
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.
1.6%
B.
5.4%
C.
4.3%
D.
3.9%
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.
$1301.40; $1522.80
B.
$265.68; $1345.68
C.
$221.40; $1301.40
D.
$2656.80;$3736.80
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.
$349.92
B.
$29.16
C.
$3499.20
D.
$291.60
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.
$2304
B.
$192
C.
$19.20
D.
$230.40
Hint