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