Multiple Choice Question 1-10 (wk3Qu)n

Oct 31st, 2015
HelloWorld
Category:
Mathematics
Price: $5 USD

Question description

QUESTION 1

  1. 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

  1. 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

  1. 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

  1. 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

  1. 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

  1. 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

  1. 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

  1. 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

  1. 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

  1. 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 


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: Purdue University
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
Five Star Tutor
Dec 3rd, 2016
" Outstanding Job!!!! "
kpcutie
Nov 20th, 2016
" Excellent job "
Joemoe
Nov 11th, 2016
" <3 it, thanks for saving me time. "
Hemapathy
Nov 6th, 2016
" all I can say is wow very fast work, great work thanks "
pmallory
Oct 28th, 2016
" Totally impressed with results!! :-) "
kevin12622
Oct 15th, 2016
" Goes above and beyond expectations ! "
kiln82
Oct 6th, 2016
" awesome work thanks "
likeplum4
Sep 22nd, 2016
" Excellent work as usual "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1831 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors