Please Help! Math Quiz!!

Question 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 

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