Module $08$ Homework: Problem $2$

$(1$ point$)$

Simple Interest

Solve for the unknown variables based on the information provided for the following simple interest scenarios.

$($Round all quantities to two decimal places. NOTE that this means decimal interest rates should be rounded to four places before convertin percentage!$)$

$\backslash$table$[[$Interest Amount,Principal$/$Present Value,Interest Rate,Time,Maturity$/$Future Value$],[,$$$16,350\mathrm{.}00,0\mathrm{.}9\%$ per month,$6$ months,$],[,,9\%$ per year,$5$ months,$$61,075\mathrm{.}00$