Question: please answer all 4 questions on a computer Interest Review Questions 1. Use the simple interest formula, I = Prt to find the unknown value.
Interest Review Questions 1. Use the simple interest formula, I = Prt to find the unknown value. a) 1 = ?, P = $700, r = 10%, t = 5 years b) 1 = $40, P = $900, A = ? C) 1 = $567, A = $2300, P = ? d) 1 = $37.92, P = ?, r = 5.2%, t = 7 months 2. 3. Calculate the rate per compounding period, i, for each of the following. a) 9% per annum, compounded quarterly b) 6% per annum, compounded monthly C) 4.3% per annum compounded semi-annually Calculate the total number of compounding periods, n, for each of the following a) compounded semi-annually for 7 years b) compounded monthly for 5 years c) compounded weekly for 3 years Use the compound interest formula, A = P(1 + i)", to find the unknown value. a) A = ?, P = $1300, i = 0.06, n = 20 b) A - $8000, P = ?, i = 0.05 n =24 6 4
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