Find the interest paid on a loan
1. find the interest paid on a loan of $2800 for two years at a simple interest rate of 11% per year.The interest on a loan is $2. Find the maturity value of a loan of $2400.00 after three years. The loan carries a simple interest rate of 7.7% per year.The maturity value of a loan is $ (round to nearest cent)3. Convert two years, expressed in decimal form to the nearest hundredth. Nine months.Nine months = (round to nearest decimal)4. A man needed money to buy lawn equipment. He borrowed $800.00 for five months and paid $53.95 in interest. What was the rate of interest?The rate of interest per year was (round to nearest decimal)5. Find the exact interest on a loan of $32,600 at 7% annually for 20 days.$(round to nearest cent)6. A loan made on March 13 is due September 10 of the following year. Find the exact time for the loan in a non-leap year and a leap year.The exact time in a non-leap year is 546 daysthe exact time in a leap year is 547 days7. A loan is made on March 20 for 181 days. Find the due date.
