Andrea Zenteno

Julio paid $200,000 in total for

a car he had been paying for a
year. If the cash price of the car
was $150,000, how much was
the interest rate charged to
Julio?
A p
-
=
I

2009000 1507000
50,0004=7
I
=
-

Problem 1 I = PRT

3333
50.000 = G.

¥
=
r
-

150,000×7

r= 33.33%
I= interest Luisa requires $10,000 in three
months. She knows that there is
D= principal (Initial value)

Interest
an investment that gives her an
r =
rate

T = time ( years)

annual return of 8%. How much

I=D Rt
would she have to invest right
now to have $10,000 in three
A =
future value

months?

I In?f÷o }
moeoosm
.
cos

✓ 3M

Problem 2
p )
t

A =
p ( n t

l G, ooo
P = A- = -

xo.rs)
( 0.08
rt)
7 t

G t

D= $ a 803
, *
92
I= interest Rose has a debt of $10,000 she
must pay in 7 months. If the
D= principal (Initial value)

Interest
agreed annual interest rate is
r =
rate

T = time ( years)

16%, calculate the interest paid

and the total amount to be paid.
-

I =
Drt

A =
future value -
P

A- = to , ooo

lock Oo 16
R
=
=

1- = 7- M = 0.5833

p
=
A / ( it Rt)

Problem 3 10000 a 990 . 68

P =
-
=

)
G t (Oo 16 × 0.5833 yr

I =P rt
O 88)
O 16 x .

9990.68 x -

I =

I = 927.135