Determine the missing amounts Principal Annual Interest Rate Time Total Interest
ID: 2453125 • Letter: D
Question
Determine the missing amounts
Principal
Annual Interest Rate
Time
Total Interest
$40,000
10%
2.5 years
$120,000
9 months
$7,200
10%
90 days
$1,500
$40,000
9%
$1,200
Which is the correct solution?
Principal
Annual Interest Rate
Time
Total Interest
$40,000
10%
2.5 years
$4,000
$120,000
9%
9 months
$7,200
$160,000
10%
90 days
$1,500
$40,000
9%
2 years
$1,200
Principal
Annual Interest Rate
Time
Total Interest
$40,000
10%
2.5 years
$6,000
$120,000
6%
9 months
$7,200
$80,000
10%
90 days
$1,500
$40,000
9%
120 days
$1,200
Principal
Annual Interest Rate
Time
Total Interest
$40,000
10%
2.5 years
$10,000
$120,000
8%
9 months
$7,200
$60,000
10%
90 days
$1,500
$40,000
9%
4 months
$1,200
Determine the missing amounts
Principal
Annual Interest Rate
Time
Total Interest
$40,000
10%
2.5 years
$120,000
9 months
$7,200
10%
90 days
$1,500
$40,000
9%
$1,200
Which is the correct solution?
(Points : 10)Principal
Annual Interest Rate
Time
Total Interest
$40,000
10%
2.5 years
$4,000
$120,000
9%
9 months
$7,200
$160,000
10%
90 days
$1,500
$40,000
9%
2 years
$1,200
Principal
Annual Interest Rate
Time
Total Interest
$40,000
10%
2.5 years
$6,000
$120,000
6%
9 months
$7,200
$80,000
10%
90 days
$1,500
$40,000
9%
120 days
$1,200
Principal
Annual Interest Rate
Time
Total Interest
$40,000
10%
2.5 years
$10,000
$120,000
8%
9 months
$7,200
$60,000
10%
90 days
$1,500
$40,000
9%
4 months
$1,200
Explanation / Answer
The correct solution is :
Principal($) Annual Interest Rate (%) Time Total Interest($)
40,000 10 2.5 Years 10,000
120,000 8 9 Months 7200
60,000 10 90 days 1500
40,000 9 4 Months 1200
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