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13.) Solve the problem. If $25,900 earned simple interest of $1036.00 in 8 months, what was the simple interest rate?
13.) Solve the problem.If $25,900 earned simple interest of $1036.00 in 8 months, what was the simple interest rate?a.) 6.6%b.) 5%c.) 6%d.) 5.2%14.) Solve the problem.What is the inflation rate if it takes 14 years for prices in the economy to double after 14 years? Assume an average annual compounding rate. (Round to the nearest tenth percent)15.) Tasha borrowed $12,000 to purchase a new car at an annual interest rate at 8.3%. She is so pay back in equal monthly payments over a 5 year period. How much total interest will be paid over the period of the loan? (Round to the nearest dollar)16.) You have a $4214 credit card debt, and you plan to pay if off through monthly payments of $74. If you are being charged 1 interest per year, how long (to the nearest tenth of a year) will it take you to repay your debt? a.) 7.8 yearsb.) 4.7 yearsc.) 6.3 yearsd.) 9.4 years
