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Old 04-09-2008, 06:00 AM
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.:ilyS:. has a spectacular aura about
math trivia thingy wanna helpl.?? pleASE..?

1.Find the simple interest.
Principal: $1500
Rate: 14%
Time: 2 ¼ years



2.$65,000 is borrowed to buy a house. If the simple interest rate on the 30-year loan is 10.25%, find the total amount paid on the loan.




3.Find the total amount for the compound interest account.
$1450 is compounded quarterly at a rate of 10% for 15 years.



4.Find the amount of compound interest earned.
$2000 is compounded daily at a rate of 8% for 5 years.



5.$105,000 is borrowed for 15 years. If the interest on the loan is $181,125,000, find the monthly payment.
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