Simple Interest

time

must be expressed as years

$350

p=$1250 r=7% t=4 Find the interest.

$210

p=$2000 r=3.5% t=3year Find the interest.

$4,092

p=$34,100 r=4% t=3 years, what is I?

$157.50

p=$500 r=4.5% t=7 Find the interest.

Principal

the amount borrowed or invested

Interest Rate: 9% each year Starting Balance: $150 Time Passed: 14 years How much interest has accrued if we are using simple interest? What is the new total balance?

$189; $339

I = $ 20 Rate = 2% per annum Time = 20 month

$600

Ariel takes a loan of $8,000 to buy a used truck at the rate of 9 % simple Interest. Calculate the annual interest to be paid for the loan amount.

$720

rate

must be expressed as a decimal

$2,720

p=$6,800 t=16 years r=2.5%, what is I?

$6,630

p=$8,500 r=6.5% t=12, what is I?

$1,080

r=4.5% t=2 years p=$12000, what is I?

Find the simple interest on $6000 from January 2010 through June 2010 at 10% per year.

$300

What sum of money will earn an interest of $ 162 in 3 years at the rate of 12% per year?

$450

If the balance at the end of eight years on an investment of $630 that has been invested at a rate of 9% is $1,083.60, how much was the interest?

$453.60

Interest Rate: 1% each year Starting Balance: $269 Time Passed: 3 years How much interest has accrued if we are using simple interest? What is the new total balance?

$8.07; $277.07

Steve invested $ 10,000 in a savings bank account that earned 2% simple interest. Find the interest earned if the amount was kept in the bank for 4 years.

$800

You invested $500 and received $650 after three years. What had been the interest rate?

10%

Principal = $ 350 Time = 2¹/₂ years and Simple interest earned= $ 140, find the annual percentage rate.

16%

Principal = $4800, Simple Interest earned = $900 and rate = 7.5%. Find the time.

2.5 years

Principal = $ 9600 Time = 3 months and simple interest earned = $ 72. Find the annual percentage rate.

3%

Principal =$3500, Simple interest earned= $700 and rate = 5%. Find the time period in years.

4 years

P = $ 20,000 ; Total Amount = $ 21,800 and time = 2 years. Find the rate.

4.5%

In how much time will the simple interest on $3,500 at the rate of 9% p.a be the same as simple interest on $4,000 at 10.5% p.a for 4 years?

5 1/3 years

Ryan bought $ 15,000 from a bank to buy a car at 10% simple Interest. If he paid $ 9,000 as interest while clearing the loan, find the time for which the loan was given

6 years

Ryan bought $ 15,000 from a bank to buy a car at 10% simple Interest. If he paid $ 9,000 as interest while clearing the loan, find the time for which the loan was given.

6 yrs

P = $ 625 Account balance after 2 years= $700. Find the rate.

6%

$60

A deposit of $500 in an account earns 6% simple interest. How much interest will it earn in 2 years?

$672

You borrow $600 from your parents at 4% interest for 3 years. To pay them back in full, including interest, how much will you have to have?

$6000

You deposit $5000 in an account that earns 5% simple interest. What will be in the account in 4 years?

Interest

amount earned on the principal

$4,204.80

r=4.8%, p = $43800, t=2 years, what is I?

$73.80

r=6% t=4 years p=$307.50, what is I?