SIMPLE INTEREST

What do you call the amount earned on the principal?

Interest

What do you call the amount borrowed or invested?

Principal

r=4.5% t=2 years p=$12,000, what is the Interest?

$1,080

Ariel takes a loan of $8,000 to buy a used truck at the rate of 9 % simple Interest for 2 years. Calculate the interest to be paid.

$1,440

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

$10,800

You deposit $5,000 in an account that earns 5% simple interest. How much interest will it earn in 4 years?

$1000

p = $ 9,600 t = 6 months r = 2.75%

$132

p = $500 r = 4.5% t = 7

$157.50

p = $4,800, t = 6 months, t = 7.5%. Find the Interest.

$180

p = $ 2,500 r = 2% t = 12 months

$50

p = $780 r = 3.8% t = 2 years

$59.28

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

$6,630

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

$60

You borrow $600 from your parents at 4% interest for 3 years. How much interest will you pay them?

$72

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

$73.80

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

$2,720

You invested $500 at 8% for 6 months. How much interest is earned?

$20

p= $ 20,000 r = 1.5% t= 2 years. Find the total amount.

$20,600

P = $ 625, r = 3.5% and time T = 12 months. Find the Interest.

$21.88

p = $2,000 r= 3.5% t = 3year

$210

p = $2,350 t = 2.5 years r = 4%

$235

p = $4,500 r = 5.8% t = 1 year

$261

Interest Rate: 1% each year Starting Balance: $269 Time Passed: 3 years What is the new total balance?

$277.07

Find the simple interest on $6,000 for 6 years at 10%.

$3,600

p= $250 r = 4% t = 3 years

$30

Interest Rate: 9% each year Starting Balance: $150 Time Passed: 14 years What is the new total balance?

$339

p = $1,250 r = 7% t = 4

$350

p = $9,875 r = 2% t = 2 years

$395

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

$4,092

r=4.8%, p = $43,800, t=2 years, what is Interest?

$4,204.80

Ryan borrowed $15,000 from a bank to buy a car at 2% simple Interest. He plans to pay loan back in 18 months. How much interest will he owe?

$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

p = $3,500, t = 4 years and r = 5%. Find the interest.

$700

p = $18,500 r = 4% t = 12 years

$8,880

What value is expressed as a percent?

rate

What must be expressed as years?

time