Question

Find the interest and the amount due
1.Principal $500
Rate 7%
Time 1 year

2.Principal $3,200
Rate 6.5%
Time 6 months

3.Principal $679
Rate 14.2%
Time 24 months

Answer 1

Answer: 7% of 500 is 35. The amount due is 535. 6.5% of 3,200 is 208. The amount due is 3408. 14.2% of 679 is 96.41. The amount due is 775.41.