AB 116 WEEK 2 LEARNING ACTIVITY

AB 116 WEEK 2 Question 1 Determine the missing amounts
Principal	Annual Interest Rate	Time	Total Interest
$40,000	10%	2.5 years	
$120,000		9 months 	$7,200
	10%	90 days	$1,500
$40,000	9%		$1,200
Which is the correct solution?

 	Student Answer:		 
Principal	Annual Interest Rate	Time	Total Interest
$40,000	10%	2.5 years	$4,000
$120,000	9%	9 months 	$7,200
$160,000	10%	90 days	$1,500
$40,000	9%	2 years	$1,200

 			 
Principal	Annual Interest Rate	Time	Total Interest
$40,000	10%	2.5 years	$6,000
$120,000	6%	9 months 	$7,200
$80,000	10%	90 days	$1,500
$40,000	9%	120 days	$1,200

 		 	 
Principal	Annual Interest Rate	Time	Total Interest
$40,000	10%	2.5 years	$10,000
$120,000	8%	9 months 	$7,200
$60,000	10%	90 days	$1,500
$40,000	9%	4 months	$1,200



 	Points Received:	10 of 10
 	Comments:	



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