Question

Q1) Rahul has a loan of 7000 dollars. he pays 2% per month simple interest. How much will he pay if he has the loan of three months?
A) 7820 dollars
B) 7620 dollars
C) 7520 dollars
D) 7420 dollars

Q2) Carla invests $4500 at 6% compound interest. work out the value of her interest after four years.
A) $5681.15
B) $3589.07
C) $2249.73
D) $1268.24

Q3) Find the compound interest paid on a loan of $600 for 3 years at an annual percentage rate (APR) of 5%
A) $94.58
B) $694.58
C) $49.58
D) %98.58

Q4) Jean has a loan of 2000 dollars. The rate of simple interest is 8% a year. He has paid 640 dollars interest. How many years has h\e had the loan?
A) 3 years
B) 3.5 years
C) 4 years
D) 5 years

Answer 1

Answer:

1=C

2=A

3=D

4=B

Step-by-step explanation:

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Answer 2

Answer:

Rahul has a loan of 7000 dollars. he pays 2% per month simple interest. How much will he pay if he has the loan of three months?