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What annual rate of simple interest was charged

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Q1. If an investment grew to $14,500 in 2 years and the interest amount earned was $1,300, calculate the nominal interest rate compounded quarterly.

Q2. Samuel took his family to a restaurant and left the waiter a tip of 15.00% on the bill amount of $246.00. Calculate the amount of tip that the waiter received from his.

Q3. Amber was charged interest of $92 for a loan amount of $2,200 that he borrowed for 130 days. What annual rate of simple interest was charged?

Reference no: EM133116908

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