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. $282.88
    C. $33,945.60 D. $282,880.00
    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. $44,896.00 B. $53,875.20
    C. $4489.60 D. $448,960
    Hint

  3.   What is the interest earned on a principal of $15,500 at a rate of 14.6%/year for 3 years? Round the answer to the nearest cent.
    A. $6789.00 B. $3184.93
    C. $678.90 D. $67,8990.00
    Hint

  4.   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. $1116; $1891 B. $111.60; $663.40
    C. $111.60; $886.60 D. $886.60; $998.20
    Hint

  5.   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. $291.60 B. $349.92
    C. $29.16 D. $3499.20
    Hint



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