Question 1: Calculate the amount of interest that will be charged on $6800.00 borrowed for five months at 4.8%.

Question 2: Compute the amount of interest on $310.00 at 7.90% p.a. from March 30, 2014 to October 28, 2014.

Question 3: Alex borrowed $9 300 to buy a car. If interest is charged on a loan at 7.5%, how much interest would he have to pay in 130 days.

Question 4: At what rate of interest will $999.00 earn $48.74 in 204 days?

Question 5: In how many months will $4 800 grow to $5 900.00 at 10.1% p.a.?

Question 6: Leo wishes to invest $7 820.00 that he saved from his summer job.  His bank offers 4.25% for a one-year term investment or 4% for a six-month term. Help Leo to investigate his options.

a) How much will Leo receive after one year if he invests at the one-year rate?

b) How much will Leo receive after one-year if he invests for six-months at a time at 4% each time?

Question 7: What sum of money will accumulate to $4350.00 at 12.75% p.a. in 472 days?

Question 8: Three debts, the first for $1850 due four months ago, the second for $1290 due in 5 months, and the third for $1700 due in 7 months, are to be paid by a single payment today. How much is the single payment if money is worth 6.6% p.a. and the agreed focal date is today?