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