math

Question 1
Find the interest. All rates are annual interest rates.



Principal $400
Rate 5%
Time 1 year
Incorrect answer A. $10
Correct answer B. $20
Incorrect answer C. $40
Incorrect answer D. $200Find the interest. All rates are annual interest rates.
Principal $1,000
Rate 8.5%
Time 3 years

Correct answer A. $255
Incorrect answer B. $170
Incorrect answer C. $22.5
Incorrect answer D. $17
Find the interest. All rates are annual interest rates.
Principal $200
Rate 9%
Time one-half year

Correct answer A. $9
Incorrect answer B. $18
Incorrect answer C. $36
Incorrect answer D. $45Find the interest. All rates are annual interest rates.
Principal $20,000
Rate 12%
Time 3 months

Incorrect answer A. $240
Correct answer B. $600
Incorrect answer C. $800
Incorrect answer D. $7,200You borrow $1,200 at a rate of 4.5% for a period of 6 months. How much will you repay at the end of 6 months?
Incorrect answer A. $27
Incorrect answer B. $54
Incorrect answer C. $1,173
Correct answer D. $1,227

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