The formula for computing the principal amount under compound interest., P=C/(1+r/m)mt, P=C/(1+r)mt, P=C(1+r/m)mt, C=P(1+r/m)mt, C=P/(1+r/m)mt, 3. Leo took a loan of 5500 with simple interest for 8 years at the rate of interest. If she paid 750 as interest at the end of the loan period, what was the rate of interest?, 1.8%, 1.5%, 1.6%, 1.7%, 1.4%, 2. What is the formula in computing the simple principal amount?, P=t/Ir, P=Irt, P=I/rt, P=r/It, P=Ir/t, Jane's goal is to raise $100,000.00 in 2 years. What should the principal be if money is compounded quarterly at 9%?, $ 63,693.84, $ 63,693.83, $ 73,893.83, $ 81,793.84, $ 83,693.83, 3. How much time will it take for an amount of 750 to yield 160 as interest at 8% per annum of simple interest?, 2.67 years, 2.57 years, 3.67 years, 4.67 years, 4.47 years

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