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 Question 1 Andrew borrowed \$1500 for 6 months at 8.5% annual simple interest, how much will he repay at the end of the 6-month period? A. \$63.75 B. \$1436.25 C. \$1563.70 D. \$1563.75
 Question 2 Which is the best investment? A. \$2000 at 4.25% simple interest for 9 months B. \$1200 at 8.5% simple interest for 6 months C. \$1800 at 3.75% simple interest for 6 years D. \$800 at 5% simple interest for one years
 Question 3 What principal must Mr. Harris put in the bank today to earn \$285 simple interest in 2 years if the simple interest rate is 4.75%? A. \$3,500 B. \$3,000 C. \$5,350 D. \$1,800
 Question 4 You deposit \$5,000 in an account that earns 6.25% simple interest. How many years will it take your account balance to reach \$7,500? A. 8 years B. 12 years C. 9 years D. 5 years
 Question 5 Matthew deposited \$4,000 in an account. What simple interest rate must he get to have \$8,080 in his account in 12 years? A. 7.5% B. 8.25% C. 8.5% D. 12%
 Question 6 Find the missing value. P = 600,  I = 456,  r = ?,  t = 8 years A. 7.75% B. 9.25% C. 95% D. 9.5%
 Question 7 Daniel deposited \$3,000 in an account. How many years will it take his money to double at a simple interest rate of 10%? A. 5 years B. 15 years C. 10 years D. 20 years
 Question 8 Brian invested \$800 at 5% simple interest rate. How many years will it take his money to reach \$1000? A. 4 years B. 5 years C. 2 years D. 20 years
 Question 9 Mary borrowed \$500 at 5% simple interest. The total interest payable over the period of the loan is \$50. How many years will it take her to repay the loan? A. 3 years B. 5 years C. 8 years D. 2 years
 Question 10 I = 56.55,  r = 6.5%,  t = 3 years P  = ? A. \$290 B. \$255 C. \$345 D. \$198
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