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 Purchase the answer to view it Purchase the answer to view it
