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

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

Q 2: Adam borrowed $16,000 at 5% compound interest. How much he has to pay at the end of two years 3months. $17,850.5 $17,870.5 $17,840.5 $17,860.5

Q 3: Harry borrowed $7,500 at 10% compound interest. How much he has to pay at the end of two years 9months. $9,800.625 $9,750.625 $9,850.625 $9,755.625

Q 4: Dan borrowed $6,000 at 3% compound interest. How much he has to pay at the end of two years 9months. $6,520.6215 $6,515.6215 $6,508.6215 $6,510.6215

Q 5: Mike borrowed $16,500 at 10% compound interest. How much he has to pay at the end of two years 3months. $21,464.125 $21,648.125 $21,656.125 $21,646.125

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 $4,970.544 $4,980.544

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