Marcy Link took out a loan for 9,100 at the Eastern Trust Bank for 160 days. The bank uses the ordinary interest method for calculating interest. What rate of interest was charged if the amount of interest was 521.73? (Round to the nearest tenth of a percent)
Q. 2Given the following mutual fund quotation, find the change in the net asset value. John Hancock Fund A ClassicVal p PZFVX 13.70 +0.03 -4.8 -15.8
A) 13.70
B) 4.8
C) +0.03
D) -15.8
Q. 3Jes Pisano borrowed 4,800 for 4 years. The maturity value of the loan was 7,084.80. What was the rate of interest charged? (Round to the nearest tenth of a percent)
Q. 4Given the following mutual fund quotation, find the 3-year percent change on investment. Fidelity Invest GoldInst r FGDIX 49.26 +0.69 +16.3 +17.7
A) 49.26
B) 0.69
C) +16.3
D) +17.7
Q. 5Barbara was charged 9.35 interest and paid 375.50 interest on a simple interest loan for 105 days from her local bank. How much did she borrow? Use ordinary interest. (Round to the nearest cent)
Q. 6Given the following mutual fund quotation, find the YTD percent return on investment: Vanguard Index Funds 500 Index VFINX 96.95 +0.04 -4.7 -8.7
A) 500
B) 96.95
C) -4.7
D) -8.7
Q. 7Norman was charged 14.75 interest and paid 375 interest on a simple interest loan for 65 days from his local bank. How much did he borrow? Use ordinary interest. (Round to the nearest cent)
Quick Reply
