Simple Interest Word Problems

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$45

AMY DEPOSITED$3,000 INTO A SAVINGS ACCOUNT THAT EARNS 5% SIMPLE INTEREST PER YEAR. HER FRIEND'S BANK OFFERS A 6.5% ANNUAL INTEREST RATE. HOW MUCH MORE MONEY WOULD AMY'S MONEY HAVE EARNED IN ONE YEAR IF SHE HAD DEPOSITED HER MONEY AT HER FRIEND'S BANK?

$200

Asiah puts $10,000 into a savings account. The account pays 1% simple interest. How much interest will she earn in 2 years?

$300

FIND THE INTEREST EARNED IF THE PRINCIPAL = $1500, THE RATE = 4%, AND THE TIME = 5 YEARS.

$120

HALEY MADE A DEPOSIT OF $500 IN AN ACCOUNT EARNS 6% SIMPLE INTEREST. HOW MUCH INTEREST WILL IT EARN IN 48 MONTHS?

$51,870

Elise borrowed $39,000 at a 5.5% simple interest rate for 6 years to buy a car. How much will she pay in all for the car?

$132

CIARRA GETS A $2200 HOME IMPROVEMENT LOAN FROM A BANK FOR SIX MONTHS AT AN ANNUAL INTEREST RATE OF 12%. WHAT IS THE SIMPLE INTEREST DUE ON THE LOAN?

$39,875

Caymen borrowed $29,000 at a 6.25% simple interest rate for 6 years to buy a car. How much will he pay in all for the car?

$52.50

ELLEN DEPOSITED$3,500 INTO A SAVINGS ACCOUNT THAT EARNS 5% SIMPLE INTEREST PER YEAR. HER FRIEND'S BANK OFFERS A 6.5% ANNUAL INTEREST RATE. HOW MUCH MORE MONEY WOULD ELLEN'S MONEY HAVE EARNED IN ONE YEAR IF SHE HAD DEPOSITED HER MONEY AT HER FRIEND'S BANK?

$123.75

JUSTIN GETS A $2250 HOME IMPROVEMENT LOAN FROM A BANK FOR SIX MONTHS AT AN ANNUAL INTEREST RATE OF 11%. WHAT IS THE SIMPLE INTEREST DUE ON THE LOAN?

$64,875

Josh takes out a loan of $50,000 at 4.25% simple interest rate for 7 years. How much will he pay in all for the loan?

$37.50

KAYLEE DEPOSITED$2,500 INTO A SAVINGS ACCOUNT THAT EARNS 5% SIMPLE INTEREST PER YEAR. HER FRIEND'S BANK OFFERS A 6.5% ANNUAL INTEREST RATE. HOW MUCH MORE MONEY WOULD KAYLEE'S MONEY HAVE EARNED IN ONE YEAR IF SHE HAD DEPOSITED HER MONEY AT HER FRIEND'S BANK?

$412.50

Kendra puts $5,500 into a savings account. The account pays 2.5% simple interest. How much interest will she earn in 3 years.

$224

LOREL GETS A $3200 HOME IMPROVEMENT LOAN FROM A BANK FOR SIX MONTHS AT AN ANNUAL INTEREST RATE OF 14%. WHAT IS THE SIMPLE INTEREST DUE ON THE LOAN?

$81,900

Lexi takes out a loan of $65,000 at 3.25% simple interest rate for 8 years. How much will she pay in all for the loan?

$52,600

Mallison borrowed $40,000 at a 5.25% simple interest rate for 6 years to buy a car. How much will she pay in all for the car?

$52,762.50

Shandarios takes out a loan of $35,000 at 7.25% simple interest rate for 7 years. How much will he pay in all for the loan?

$72

PRESTON BORROWED $600 FROM HIS PARENTS AT 4% INTEREST FOR 3 YEARS. HOW MUCH INTEREST WILL YOU PAY THEM?

$61,537.50

Riley takes out a loan of $45,000 at 5.25% simple interest rate for 7 years. How much will he pay in all for the loan?

$77,850

Robert takes out a loan of $60,000 at 4.25% simple interest rate for 7 years. How much will he pay in all for the loan?

$30

TONY DEPOSITED$2,000 INTO A SAVINGS ACCOUNT THAT EARNS 5% SIMPLE INTEREST PER YEAR. HER FRIEND'S BANK OFFERS A 6.5% ANNUAL INTEREST RATE. HOW MUCH MORE MONEY WOULD TONY'S MONEY HAVE EARNED IN ONE YEAR IF SHE HAD DEPOSITED HER MONEY AT HER FRIEND'S BANK?


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