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Elementary School: 1st and 2nd Grade
Math
Business Math 01 - Calculating Interest Per Year
Solution
Q.1.
$1,519.25 at 4.87% for 3 years.
100%
$212.97
0%
$221.97
0%
$122.97
0%
$1,220.97
Q.2.
$9,300.00 at 9.25% for 5 years.
0%
$4,301.25
0%
$3,401.25
100%
$34,012.50
0%
$430.12
Q.3.
$3,511.00 at 7.13% for 7 years.
100%
$5,712.13
0%
$7,152.13
0%
$1,572.31
0%
$1,752.31
Q.4.
$125,000.00 at 6.75% for 30 years.
0%
$235,512.00
0%
$25,312.50
100%
$2,351.25
0%
$253,125.00
Q.5.
$435.00 at 2.83% for 2 years.
0%
$46.22
0%
$64.22
100%
$24.62
0%
$22.46
Q.6.
$50.00 at 3.5% for 1 year.
100%
$1.75
0%
$17.50
0%
$175.00
0%
$71.05
Q.7.
$16,435.75 at 5.275 for 6 years.
0%
$2,501.94
100%
$52,019.40
0%
$25,019.40
0%
$5,201.94
Q.8.
$600.00 at 5.2% for 10 years.
0%
$312.00
0%
$3,120.00
0%
$301.20
0%
$31.20
Q.9.
$2,200.00 at 4.15% for 4 years.
0%
$36.52
0%
$365.20
0%
$3,652.00
0%
$36,520.00
Q.10.
$64,725.00 at 8% for 20 years.
0%
$1,356.00
0%
$10,356.00
0%
$103,560.00
0%
$1,035.60
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