Simple Interest

Samantha Oshioke Imouo

Solve for the unknown variables based on the information provided for the following simple interest scenarios.

$($Round all quantities to two decimal places. NOTE that this means decimal interest rates should be rounded to four places before converting back to a percentage!$)$

$\backslash$table$[[$Interest Amount,Principal$/$Present Value,Interest Rate,Time,Maturity$/$Future Value$],[,$$$16,025\mathrm{.}00,0\mathrm{.}5\%$ per month,$5$ months,$],[$$$1,139\mathrm{.}31,,11\%$ per year,$5$ months,$$61,595\mathrm{.}00],[$$$2,025\mathrm{.}55,,7\mathrm{.}25\%$ per year,months,$$23,403\mathrm{.}31]]$