MAT119 M5WA5

Find Interest- $35,000 at 6% for 9 months

Using the formula       


 


Exercise 4                    Find Interest- $1875 at 5.3% for 7 Months

Using the formula       

 

Exercise 8                    Find Interest- $8940 at 9%; loan made May 7 and due Sept. 19

Using the formula       

 

Future Value for Simple Interest

Or
Exercise 16                  Find FV– $3475 Loan at 7.5% for 6 Months

                                   

 

Exercise 18                  Find FV– $24,500 Loan at 9.6% for 10 Months

                                   

 

Present Value for

Simple Interest


Exercise 22                  Find Present Value of     $48,000 for 8 Months money earn 5%       

future amount                    

                               
Powered by