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.
$4489.60
B.
$44,896.00
C.
$448,960
D.
$53,875.20
Hint
2.
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.
$67,8990.00
B.
$678.90
C.
$3184.93
D.
$6789.00
Hint
3.
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.
4.3%
B.
1.6%
C.
5.4%
D.
3.9%
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.
$111.60; $663.40
B.
$886.60; $998.20
C.
$1116; $1891
D.
$111.60; $886.60
Hint
5.
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.
$57.12
C.
$685.44
D.
$571.20
Hint