Question
1. Candiceborrows$4251 from Reginafor159 weeks.If the loan had an annual simple discountrate of 4.7%, how much did Candicerepay (in total)? Round your answer to the
1. Candiceborrows$4251 from Reginafor159 weeks.If the loan had an annual simple discountrate of 4.7%, how much did Candicerepay (in total)?
Round your answer to the nearest dollar (whole number).
2. Matt borrows $8137from Brian for49 months. The loan had an annual simple discountrate of 9.4%.
Of the total amount that Mattrepaid to Brian, what percent werethe proceeds?
Round your answer to the nearest tenth of a percent (tenth place).
3. Willborrows a certain amount of money from Sean. After 162 days, Will repays a total of $1579. The annual simple discountrate on this loan is 12%.
Alenaborrows a certain amount of moneyfrom Rosanne. Afterfor 144 days, Alena repays a total of $1700.
If the proceedson both loans are thesame, what annual simple discountrate is Rosannecharging Alena?
Round your answer to the nearest tenth of a percent (tenth place).
4. Rogerborrows $1822 from Francinefor 37 months. If Francinewants Rogerto repay 55% more than what he borrowed, what annual simple discountrate should she charge him?
Round your answer to the nearest tenth of a percent (tenth place).
5. For what term (in months) is an annual simple interestrate of 12.7% is equivalent an annual simple discount rate of 8%?
Round your answer to the nearest month(whole number).
6. An annual simple discount rate of 3.3% is equivalent to what annual simple interest rate during a term of 205 weeks?
Round your answer to the nearest tenth of a percent (tenth place).
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