# Question 4&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp How much interest will have

Question 4            How much interest will have to be paid on a loan of \$50,967 for 23 months at a simple interest rate of 10.6% per year?     \$10,441.81\$10,354.80\$10,805.00\$9904.59                    Question 5            Find the interest paid on a loan of \$5410 at 7% annual simple interest for 2.4 years.    \$908.88\$478.36\$1287.58\$871.01                   Question 6            Find the interest paid on a loan of \$69,750 at 9% annual simple interest for 2.7 years.    \$16,321.50\$8920.66\$23,226.75\$16,949.25                    Question 7            Find the maturity value of a loan of \$6787 after 4 months. The loan carries a simple interest rate of 14% per year.    \$7106.39\$7103.73 \$7024.55\$7182.91                  Question 8            Find the maturity value of a loan of \$13,942 after 8 months. The loan carries a simple interest rate of 11.9% per year.    \$15,048.07\$14,909.81 \$15,186.32 \$15,057.36                Question 9            Find the maturity value of a loan of \$49,583 after 18 months. The loan carries a simple interest rate of 8.3% per year.    \$56,099.03 \$55,807.96 \$55,413.13 \$55,756.08                    Question 10            Find the total amount of money (maturity value) that the borrower will pay back on a loan of \$3429 at 14% annual simple interest for 2.8 years.    \$4725.16 \$4136.46 \$4773.17 \$5253.23

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