Directions: Solve the following problems. Also write at least 5 examples of your own.

Q 1: Adam borrowed $16,000 at 5% compound interest. How much he has to pay at the end of two years 3months. $17,860.5 $17,850.5 $17,870.5 $17,840.5

Q 2: Eric borrowed $5,600 at 5% compound interest. How much he has to pay at the end of two years 6months. $6,328.35 $6,340.35 $6,330.35 $6,338.35

Q 3: Peter borrowed $1,500 at 5% compound interest. How much he has to pay at the end of two years 3months. $1,675.42 $1,674.5 $1,675.5 $1,674.42

Q 4: Harry borrowed $7,500 at 10% compound interest. How much he has to pay at the end of two years 9months. $9,755.625 $9,800.625 $9,850.625 $9,750.625

Q 5: Micheal borrowed $6,800 at 5% compound interest. How much he has to pay at the end of two years 6months. $7,684.425 $7,694.425 $7,664.425 $7,674.425

Q 6: Matt borrowed $4,500 at 4% compound interest. How much he has to pay at the end of two years 6months. $4,950.544 $4,964.544 $4,980.544 $4,970.544

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