MA 101 QUIZ WK 3 with complete solution (Graded A) QUESTION 1 Find the interest paid on a loan of $2000 for 1 year at a simple interest rate of 7% per year. $160.00 $14.00 $140.00 $2140.00 10 points QUESTION 2 Find the interest paid on a loan of $3946 for 5 months at a simple interest rate of 12% per year. $236.76 $198.96 $157.84 $197.30 10 points QUESTION 3 How much interest will have to be paid on a loan of $10,138 for 7 months at a simple interest rate of 13.3% per year? $786.54 $793.15 $674.18 This study resource was shared via CourseHero.com $898.90 10 points QUESTION 4 How much interest will have to be paid on a loan of $50,967 for 23 months at a simple interest rate of 10.6% per year? $10,441.81 $10,354.80 $10,805.00 $9904.59 10 points QUESTION 5 Find the interest paid on a loan of $5410 at 7% annual simple interest for 2.4 years. $908.88 $478.36 $1287.58 $871.01 10 points QUESTION 6 Find the interest paid on a loan of $69,750 at 9% annual simple interest for 2.7 years.
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QMI1500 Assignment 02 2021 AS PER UPDATED TUTORIAL LETTER...
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