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

$160.00

Check your essay before you submit. See exactly what your professor sees.

See your AI and plagiarism results before your instructor does.Get the exact same report your professor uses. Trusted by 50,000+ students worldwide.

Get Plagiarism Report Humanize My Essay

$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.