Compute the amount of interest earned by a principal

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Questions -

Q1. How much did Dave borrow if he pays 45,000 as interest at 4½% for 5 years?

Q2. Determine the annual rate of simple interest required for 17,000 to earn 850 in 14 years?

Q3. Arian invested 3,000 in mutual fund with simple interest rate of 4.5%. How much interest would she earn after 10 years?

Q4. How much will Zarah withdraw after 7 years if she deposited 36,000 at 7.5% simple interest?

Q5. Find the interest earned if 2,000 is invested for 372 days at 5% simple interest.

Q6. Using all methods, find the interest on 7,560 from Oct 29, Y to Mar 10, Y+1 at 6 3/8 % simple interest. Assume a leap year.

Q7. Find the interest on 5,410 at 8 2/5% of simple interest from Sept 11, Y to May 21, Y + 1 using approximate time.

Q8. Compute the amount of interest earned by a principal of 2,500 from April 9 to August 15 if it is invested at 6.25% simple interest. Use exact time.

Reference no: EM132827912

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