Question: Calculate the simple interest on a $ 2 5 0 0 loan signed June 3 0 , 2 0 0 0 , with a maturity

Calculate the simple interest on a $2500 loan signed June 30,2000, with a maturity date of November 22,2000, and bearing interest at 9.5% per year. Use exact time and ordinary interest. Question 1 options: 95.6699.029.5595.35 Question 2(Mandatory)(2 points) Listen Proceeds mean .... Question 2 options: Money received after a note is sold at a discount rate Money received after a simmple interest rate of 3% invested for 2 years discount rate out of pocket money Question 3(Mandatory)(2 points) Listen If a question gives you a dicount rate, which formula should you use? Question 3 options: D=Sdt S= P(1+rt) S=P + I I=Prt Question 4(Mandatory)(2 points) Listen If you borrow $3000 for 24 monnths at 4.5% discount rate, What are the givens? Question 4 options: P=3000 d=.045 t=24 P=3000 d=.45 t=24/12 P=3000 r=.045 t=2 S=3000 d=.045 t=24/12 Question 5(Mandatory)(2 points) Listen If you borrow $3000 for 24 months at 4.5% discount rate, which formula do you use to find proceeds? Question 5 options: S=P91+rt) P=S(1-dt) D=Sdt I=Prt Question 6(Mandatory)(2 points) Listen If you borrow $3000 for 24 months at 4.5% discount rate, what are the proceeds? Question 6 options: 270300032702730

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