# Business Mathematics Study Set 1

Mathematics

## Quiz 6 : Simple Interest Study Flashcards  Looking for Developmental Mathematics Homework Help?

## Quiz 6 :Simple Interest

Question Type  A principal of $2,680 is invested for 2.5 years at a rate of 12%. What amount of interest will be earned? Free Multiple Choice Answer: Answer: E Tags Choose question tag  A$10,000 90-day term deposit earns 4.5% interest. How much will the depositor have at maturity?
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B

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Choose question tag  A principal of $790 grew to$1,000 in 14 months. What annual rate of simple interest was earned?
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E

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Choose question tag  How much interest could you earn over 7 months on an investment of $49,000 at 14.75%? Multiple Choice Answer: Tags Choose question tag  How much must be placed in a two-month term deposit earning 4.8% in order to earn$275 interest?
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Choose question tag  A deposit of $659 earns$15.10 interest at a rate of 4.5%. For how many days was this money on deposit?
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Choose question tag  Calculate the amount of interest that would be earned on an account of $59,500 at 7.2% for 133 days. Multiple Choice Answer: Tags Choose question tag  Calculate the amount of interest that would be earned on an account of$47,500 if it earned 6.4% for 293 days.
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Choose question tag  Calculate the amount of interest that would be earned on an account of $216,000 if it earned 5.15% for 27 days. Multiple Choice Answer: Tags Choose question tag  A 9-month term deposit, earning interest at 7%, was worth$72,559 when it reached maturity today. How much had been invested at the beginning of the term?
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Choose question tag  How much interest will be earned on $8,000 over a period of four months if the interest rate is 6.5%? Multiple Choice Answer: Tags Choose question tag  Calculate the amount of interest that would be earned on an account of$344,000 if it earned 4.95% for 37 days.
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Choose question tag  Determine the amount of (simple) interest that would be earned over eight months at 26% on an investment of $43,500. Multiple Choice Answer: Tags Choose question tag  If$450,000 is invested on June 3 at 7.75%, what will be the value of the investment on December 11?
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Choose question tag  How much interest could you earn over 2 months on an investment of $82,500 at 23.5%? Multiple Choice Answer: Tags Choose question tag  After how many days will a loan of$888 at 15% amount to $1554 (including accrued interest)? Multiple Choice Answer: Tags Choose question tag  How much interest could you earn, over 5 months on an investment of$94,000 at 17.75%?
Multiple Choice  What principal will grow to $12,031.25 at 7.5% interest in 15 months? Multiple Choice Answer: Tags Choose question tag  In how many months will$6,000 earn interest of $2,700 at 15%? Multiple Choice Answer: Tags Choose question tag  How many days would it take for an investment of$9,000 to grow to \$10,000 at 17%? 