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?
