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.
$448,960
C.
$4489.60
D.
$53,875.20
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.
1.6%
B.
5.4%
C.
3.9%
D.
4.3%
Hint
4.
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.
$2656.80;$3736.80
D.
$221.40; $1301.40
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.
$349.92
B.
$291.60
C.
$3499.20
D.
$29.16
Hint