If P = $49,236.45 , R = 10,5% , and T = 2 years , estimate I.

$10,000

$600

$120,000

$50,000

Question 2
10 Points
Find the APR (rounded to one decimal place of a percent) for the loan. Purchase a dining table set for $2400 at 6.2% add-on interest for 4 years.

1.0%

0.1%

12%

12.1%

12.4%

Question 3
10 Points
What number is 120% of 16?

18.2

19.2

14

10

19.5

Question 4
10 Points
If I = $398.90, R = 9.85% , and T = 1 year, estimate P

$400

$40

$40,000

$4,000

Question 5
10 Points
If a loan is held for 450 days, then T is about

450 years

4 over 5 years

3 years

1 1 fourth years

Question 6
10 Points
Calculate the amount of simple interest earned.

$1300 at 7.2% for 4 years.

$375

$3,740.40

$374.00

$374.40

$37.44

Question 7
10 Points
Change the given form into fraction.

0.045

7 over 20

9 over 20

7 over 200

9 over 200

9 over 2

Question 8
10 Points
If $15,000 is invested at 7 1 half percent sign for 10 years, find the future value if the interest is compounded monthly. Please round the answer to the nearest cent ( two decimal places ). Enter only the number without $ sign.

$ Blank 1

Blank 1
Add your answer

Question 9
10 Points
$1478 borrowed at 26% simple interest. What is the total amount to be repaid 63 days later? 1 year = 360 days

Enter only the number, round your answer to two decimal places.

Answer : $ ———————————–

Add your answer

Question 10
10 Points
Convert the given credit card rate to APR ( rounded to the nearest whole number}

In Arizona 1 1 third percent signper month. Enter only the number.

Answer : ——————————– %

12

480

9

16

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