1. Find the principal. I= 122 R= 5% T= 6
2. Find the rate. I= 225 P= 5500 T= 2
3. Find the time. I= 1345 P= 12000 R= 7%
4. Find the interest. P=10000 R= 8% T= 12
5. 25000 was lent each to Steve and Kim for their new cars. Steve had really good credit and got an interest rate of 1.9% for 60 months. Kim had a bad credit score and got 9.9% for 60 months. Find the difference in the interest paid by them.
6. Molly wants to buy a new house. She can afford a $1200 a month hose payments. What is the max purchase price with a rate of 4.25% on a 30 year loan?

Question

1.	Find the principal.  I= 122    R= 5%   T= 6
2.	Find the rate.  I= 225  P= 5500   T= 2
3.	Find the time.  I= 1345 P= 12000 R= 7%
4.	Find the interest. P=10000  R= 8% T= 12
5.	25000 was lent each to Steve and Kim for their new cars. Steve had really good credit and got an interest rate of 1.9% for 60 months. Kim had a bad credit score and got 9.9% for 60 months. Find the difference in the interest paid by them.
6.	Molly wants to buy a new house. She can afford a $1200 a month hose payments. What is the max purchase price with a rate of 4.25% on a 30 year loan?

anonymous · Answer

find the principal? he's probably in his office.

anonymous · Answer

no need to be sarcastic.

anonymous · Answer

simple or compound interest, and do you know the formula?

anonymous · Answer

no