# 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