Solve for the unknown variables based on the information provided for the following simple interest scenarios....
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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 converting back to a percentage!) Interest Amount Principal/Present Value $16,150.00 $1,128.24 $2,078.58 $41,730.00 Interest Rate Time Maturity/Future Value 0.8% per month 6 months 12% per year 5 months $61,565.00 7.25% per year months $23,428.24 % per year 249 days 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 converting back to a percentage!) Interest Amount Principal/Present Value $16,150.00 $1,128.24 $2,078.58 $41,730.00 Interest Rate Time Maturity/Future Value 0.8% per month 6 months 12% per year 5 months $61,565.00 7.25% per year months $23,428.24 % per year 249 days
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