Simple Interest
You deposit $5000 in an account that earns 5% simple interest. How much interest will it earn in 4 years?
$1000
What is the interest to be paid on a 9 year, $60,500 loan at 7.3% p.a.?
$100248.50
The average cost for a vacation is $1,050. If a family borrows money for the vacation at an interest rate of 11.9% for 6 months, what is the total cost of the vacation including the interest on the loan?
$1112.48
Rita charged $126 for a DVD player at an interest rate of 15.9%. How much will Rita have to pay after 2 months if she makes no payments?
$129.34
What is the total amount to be paid on a $13000 loan over 3 years at a 4% interest rate?
$14560
What is the interest to be paid on a 7 year, $35,000 loan at 6%
$14700
Find the simple interest earned to the nearest cent $1,000, 2%, 9 months
$15
What is the interest to be paid on a 3 year, $13,000 loan at 4%
$1560
Find the simple interest earned to the nearest cent $750, 7%, 3 years
$157.50
How much interest will Hannah earn in 4 years if she deposits $630 in a savings account at 6.5% simple interest?
$163.80
What is the interest to be paid on a 10 year, $40,000 loan at 4.5%
$18000
Interest Rate: 9% each year Starting Balance: $150 Time Passed: 14 years How much interest has accrued if we are using simple interest?
$189
What is the interest to be paid on a 5 year, $12,500 loan at 3.75%
$2343.75
Calculate the FINAL BALANCE if the principal amount is $15, 400, interest rate is 14% and the amount of time is 4 years.
$24024
Find the simple interest paid to the nearest cent $800, 9%, 4 years
$288
Find the simple interest earned to the nearest cent $530, 6%, 1 year
$31.80
Calculate the FINAL BALANCE given a principal amount of $27,900, interest rate of 3% and a time period of 9 years.
$35433
Find the simple interest earned to the nearest cent $600, 8%, 1 month
$4.00
Find the simple interest paid to the nearest cent $266, 5.2%, 3 years
$41.50
Find the simple interest paid to the nearest cent $1,150, 7.6%, 5 years
$437
What principal will earn an interest of $162 in 3 years at the rate of 12% per year
$450
What is the total amount to be paid on a 7 year, $35,000 loan at 7%
$52150
Terry invested $2,200 in the stock market for 2 years. If the investment earned 12%, how much money did Terry earn in 2 years?
$528
What is the total amount to be paid on a 10 year, $40,000 loan at 4.5%
$58000
A deposit of $500 in an account earns 6% simple interest. How much interest will it earn in 2 years?
$60
$280, 5.5%, 4 years Find the simple interest paid to the nearest cent
$61.50
Find the simple interest earned to the nearest cent $450, 5%, 4 months
$7.50
You borrow $600 from your parents at 4% interest for 3 years. How much interest will you pay them?
$72
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
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
Find the simple interest earned to the nearest cent $1,200, 3.5%, 2 years
$84
Find the simple interest paid to the nearest cent $450, 22%, 1 year
$99
You invested $500 and received $650 after three years. What had been the interest rate?
10%
Principal = P = $3500, S.I = $700 and rate = R = 5%. Find the time period in years.
4
P = $ 20,000 Amount = $ 21,800 and time T = 2 years. Find the rate.
4.5
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
P = $ 625 Amount = $ 641.25 and time T = 146 days. Find the rate.
6.5
rate
a percent that may need to be expressed as a decimal
Interest
amount earned on the principal
time
how many years the interest has/will accrue
Principal
the amount borrowed or invested
