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Calculating Interest Answers
1. The total interest owed after 3 years is $750 (i.e. $5,000 x 0.05 x 3).
2. The total interest charged is $4,665.32.
3. The total interest earned after 2 years is $61.68.
4. The total interest earned at maturity is $300 (i.e. $1,000 x 0.06 x 5).
5. The interest charged after 6 months is $45 (i.e. $2,000 x 0.015 x 6).
6. The total interest charged is $2,882.26.
7. The total amount earned at maturity is $14,973.33.
8. The total interest charged is $143,739.64.
9. The total interest earned at maturity is $195.27.
10. The total interest earned is $859.28.
11. The total interest charged is $7,812.68.
12. The total amount earned at maturity is $3,622.73.
13. The total interest charged is $1,294.91.
14. The total amount earned after 7 years is $2,066.96.
15. The interest earned after 2 years is $76.69.
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