Simple Interest Day 1

$8.70

Alan paid for a $60 video game using a credit card that had an interest rate of 29%, how much would be pay in interest at the end of 6 months?

$98

Find the interest earned on an original loan for $5,600, at an annual interest rate of 3.5%, after 6 months.

$7.50

Find the simple interest after 3 months, if $1,200 was deposited into a savings account with a 2.5% interest rate.

$6000

Find the simple interest on $100,000 invested at 1.5% yearly for four years.

$8.10

Find the simple interest on $225 invested at 1.2% yearly for three years?

$141.75

Hector took out a small loan of $900 for 18 months. The simple interest rate on the loan was 10.5%. How much will he pay in interest on the loan?

$28.62

How much interest does a $318 investment earn at 9% over one year?

$39.95

How much interest is earned on $470 at 4.25% for 24 months?

$352

How much interest is earned on $704 at 5% for 10 years?

$108

If you borrow $225 for eight years at an interest rate of 6%, how much interest will you pay?

$1,248.50

Todd's Tulip Company deposited $11,350 in their bank account with a simple interest rate of 5.5%. If they keep the money in the bank for 2 years, how much interest will they earn?

$2,184

Ben deposited $6,500 in a simple interest account that pays 2.8% interest annually. If Ben leaves the money in the account for 12 years, how much interest will he earn?