Consumer math !!!! please check
posted by Tomi .
Determine the total in Dexter's account after the second month using the information below.
Dexter Banler's account
Principal: $1,604
Rate: 10% compound
Length of period: month
>$3208.00
$1764.40
$1630.85
3. Ray Sugar's account
Principal: $1,700
Rate: 9.5% compound
Length of period: quarter
Third quarter's interest: _________
$161.50
>$16.15
$42.32
4. Determine the total in Ray's account after three quarters using the information below.
Ray Sugar's account
Principal: $1,700
Rate: 9.5% compound
Length of period: quarter
>$1,861.50
$1824.03
$1716.15
5. Determine the second quarter's interest earned by Sue's account using the information below.
Sue Palka's account
Principal: $2,118
Rate: 8.75% compound
Length of period: quarter
Second quarter's interest: _________
$185.33
$176.56
>$47.34
6. Determine the total in Sue's account after 2 quarters using the information below.
Sue Palka's account
Principal: $2,118
Rate: 8.75% compound
Length of period: quarter
>$2,211.67
$2,165.34
$2,303.33
7. Determine the total loan amount for Sean Combs.
Amount of loan: _________
Number of payments: 9
Each payment: $15.90
Interest: $18.10
$125
$143.10
>$124.20
8. Determine the number of payments for Micah McCarter.
Amount of loan: $5,500
Number of payments: _________
Each payment: $125.13
Interest: $506.24
44
> 48
52
9. Determine the amount of each payment for Kyle Moneymaker.
Amount of loan: $1,500
Number of payments: 24
Each payment: _________
Interest: $66
>$62.50
$66.75
$65.25
10. Kristen Taylor purchased a new coat for $289. She paid $50 down and borrowed the remainder. She had to make 8 payments of $32.27 each. How much interest did she pay on the loan? $59.16
$19.16
>$29.16
11. Borrowed: $250
Loan type: single payment
Interest rate: 12%
Time of loan: 2 months
Amount to repay: _________
>$255
$280
$310
12. Borrowed: $500
Loan type: installment
Interest rate: 8.5%
Number of payments: 12
Monthly installment: _________
$45.21
$41.67
>$43.61
13. Borrowed: $474
Loan type: single payment
Interest rate: 16%
Time of loan: 1 month
Amount to repay: _________
>$549.84
$480.32
$492.34
14. Borrowed: $800
Loan type: single payment
Interest rate: 15%
Time of loan: 3 months
Amount to repay: _________
$920
$860
>$830
15. Borrowed: $950
Loan type: monthly installments
Interest rate: 9.5%
Number of payments: 30
Monthly installments: _________
$39.19
$32.80
>$35.70
16. Borrowed: $400
Loan type: addon
Interest rate: 9%
Number of payments: 12 monthly installments
Monthly payment: _________
$36.33
$34.56
>$37.65

Up to #9, you have #6 and #8 are correct.
I will appreciate if you could show how you worked out the remaining numbers so that any incorrect notions could be corrected accordingly.
There is no use throwing a coin to make a guess if you don't know how to get the right answer.
For example, in the first question, the principal is $1604. At 10% for a whole year (instead of two months), it would be approximately 10% more at about $160 in interest. So it is impossible to expect $3208 over two months!
Try calculated guesses if you have to make them. 
Drew borrowed $1,250. He made 12 payment of $118

Borrowed $950 and make monthly installment at 9.5% for 30 payments how many monthly installments are there?

Are the answers right or wrong above?
Respond to this Question
Similar Questions

buissness math
Determine the amount of interest charged on S. Carter's account during the second month. S. Carter's account Principal: $1,604 Rate: 10% compound Length of period: month Second month's interest: _________ $13.48 $160.40 $16.04 
buissness math
Determine the total in Dexter's account after the second month using the information below. Dexter Banler's account Principal: $1,604 Rate: 10% compound Length of period: month $3208.00 $1764.40 $1630.85 3. Ray Sugar's account Principal: … 
Finance
You are planning to save for retirement over the next 35 years. To do this, you will invest $770 a month in a stock account and $370 a month in a bond account. The return of the stock account is expected to be 9.7 percent, and the … 
math
Ray Sugar's account Principal: $1,700 Rate: 9.5% compound Length of period: quarter Third quarter's interest: _________ 
math
Jenna has $1500 in a savings account. She adds $30 to her account each month. Luis has $2400 in his savings account. He withdraws $30 from his account each month. Write and solve a system of equation. 
Finance
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account. The return on the stock account is expected to be 7%, and the bond account … 
math
If you place $2,000.00 in a savings account with an interest rate of 4.5%/month versus an account with a rate of 3.75%/month, how much more interest could you earn in that month using the first account? 
Finance
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account. The return on the stock account is expected to be 7%, and the bond account … 
Math / Finance
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account. The return on the stock account is expected to be 7%, and the bond account … 
math
If you place $2,000.00 in a saving account with an interest rate of 4.5% month versus an account with a rate of 3.75% month, how much more interest could you earn in that month using the first account?