Business Math Interest Sample Problems
Business Math Interest Sample Problems
Business Math Interest Sample Problems
II. Find the maturity value and the amount of simple interest earned..
III. Find the compound amount for each deposit and the amount of interest
earned.
IV. Find the interest rate for each deposit and compound amount.
1. Danah borrowed 250,000 to buy a used car. She repaid the loan after 9
months, at an annual interest rate of 6.2%. Find the total amount she repaid. How
much of this amount is the interest?