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