# Question 4            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