QUESTION 1 Calculate the simple interest on a $2500 loan signed June 30, 2000, with a maturity date of November 22, 2000, and bearing interest at 9.5% per year. Use exact time and ordinary interest 95.35 95.66 9.55 99.02 QUESTION 2 Proceeds mean. Cdiscount rate out of pocket money Money received after a note is sold at a discount rate Money received after a simmple interest rate of 3% invested for 2 years QUESTION 3 If a question gives you a dicount rate, which formula should you use? Pyt 5+P+1 D-Sdt S-P(1+) 2 points SaveAnswer 2 points Save Answer 2 points Save A QUESTION 4 If you borrow $3000 for 24 monnths at 4.5% discount rate, What are the givens? OP-3000 d=.045 t=24 P=3000 -.045 1-2 S=3000 d=.045 t=24/12 P=3000 d=45 t=24/12 QUESTION 5 If you borrow $3000 for 24 months at 4.5% discount rate, which formula do you use to find proceeds? -Prt P=S(1-dt) S=P91+rt) D-Sdt QUESTION 6 If you borrow $3000 for 24 months at 4.5% discount rate, what are the proceeds? 0000 270 3270 3000 2730