Complete the following problems dealing with interest! Use a calculator, or the one on the computer. Do these on you're blog and I will check the answers!
Remember: Principal x Rate x Time = Interest
1) How much interest would be due on a loan of $2500 at 11 1/2% for 3 months?
2) How much interest would be due on a loan of $5000 at 10% for 1 year?
3) How much interest would be due on a loan of $6000 at 15% for 2 years?
4) How much interest would be due on a loan of $3500 at 13% for 1 year and six months?
5) How much interest would be due on a loan of $15000 at 14% for 2 years?
When you are done, have your hobo logged in so I can check his stats for a grade!
-Wright
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I THINK THIS STUFF STINKS!!!
ReplyDeleteDON'T SAY TAHT IT DOSEN'T MATTER WHAT I THINK BUT IT DOES! UGHH... I DON'T GET THIS STUPID STUFF!!!