# math help

Find the interest paid on a loan of \$2000 for 1 year at a simple interest rate of 7% per year.

\$160.00

\$14.00

\$140.00

\$2140.00

10 points

QUESTION 2

Find the interest paid on a loan of \$3946 for 5 months at a simple interest rate of 12% per year.

\$236.76

\$198.96

\$157.84

\$197.30

10 points

QUESTION 3

How much interest will have to be paid on a loan of \$10,138 for 7 months at a simple interest rate of 13.3% per year?

\$786.54

\$793.15

\$674.18

\$898.90

10 points

QUESTION 4

How much interest will have to be paid on a loan of \$50,967 for 23 months at a simple interest rate of 10.6% per year?

\$10,441.81

\$10,354.80

\$10,805.00

\$9904.59

10 points

QUESTION 5

Find the interest paid on a loan of \$5410 at 7% annual simple interest for 2.4 years.

\$908.88

\$478.36

\$1287.58

\$871.01

10 points

QUESTION 6

Find the interest paid on a loan of \$69,750 at 9% annual simple interest for 2.7 years.

\$16,321.50

\$8920.66

\$23,226.75

\$16,949.25

10 points

QUESTION 7

Find the maturity value of a loan of \$6787 after 4 months. The loan carries a simple interest rate of 14% per year.

\$7106.39

\$7103.73

\$7024.55

\$7182.91

10 points

QUESTION 8

Find the maturity value of a loan of \$13,942 after 8 months. The loan carries a simple interest rate of 11.9% per year.

\$15,048.07

\$14,909.81

\$15,186.32

\$15,057.36

10 points

QUESTION 9

Find the maturity value of a loan of \$49,583 after 18 months. The loan carries a simple interest rate of 8.3% per year.

\$56,099.03

\$55,807.96

\$55,413.13

\$55,756.08

10 points

QUESTION 10

Find the total amount of money (maturity value) that the borrower will pay back on a loan of \$3429 at 14% annual simple interest for 2.8 years.

\$4725.16

\$4136.46

\$4773.17

\$5253.23