Simple Interest
time
must be expressed as years
$350
p=$1250 r=7% t=4 Find the interest.
$210
p=$2000 r=3.5% t=3year Find the interest.
$4,092
p=$34,100 r=4% t=3 years, what is I?
$157.50
p=$500 r=4.5% t=7 Find the interest.
Principal
the amount borrowed or invested
Interest Rate: 9% each year Starting Balance: $150 Time Passed: 14 years How much interest has accrued if we are using simple interest? What is the new total balance?
$189; $339
I = $ 20 Rate = 2% per annum Time = 20 month
$600
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
rate
must be expressed as a decimal
$2,720
p=$6,800 t=16 years r=2.5%, what is I?
$6,630
p=$8,500 r=6.5% t=12, what is I?
$1,080
r=4.5% t=2 years p=$12000, what is I?
Find the simple interest on $6000 from January 2010 through June 2010 at 10% per year.
$300
What sum of money will earn an interest of $ 162 in 3 years at the rate of 12% per year?
$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
Interest Rate: 1% each year Starting Balance: $269 Time Passed: 3 years How much interest has accrued if we are using simple interest? What is the new total balance?
$8.07; $277.07
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
You invested $500 and received $650 after three years. What had been the interest rate?
10%
Principal = $ 350 Time = 2¹/₂ years and Simple interest earned= $ 140, find the annual percentage rate.
16%
Principal = $4800, Simple Interest earned = $900 and rate = 7.5%. Find the time.
2.5 years
Principal = $ 9600 Time = 3 months and simple interest earned = $ 72. Find the annual percentage rate.
3%
Principal =$3500, Simple interest earned= $700 and rate = 5%. Find the time period in years.
4 years
P = $ 20,000 ; Total Amount = $ 21,800 and time = 2 years. Find the rate.
4.5%
In how much time will the simple interest on $3,500 at the rate of 9% p.a be the same as simple interest on $4,000 at 10.5% p.a for 4 years?
5 1/3 years
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 years
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 yrs
P = $ 625 Account balance after 2 years= $700. Find the rate.
6%
$60
A deposit of $500 in an account earns 6% simple interest. How much interest will it earn in 2 years?
$672
You borrow $600 from your parents at 4% interest for 3 years. To pay them back in full, including interest, how much will you have to have?
$6000
You deposit $5000 in an account that earns 5% simple interest. What will be in the account in 4 years?
Interest
amount earned on the principal
$4,204.80
r=4.8%, p = $43800, t=2 years, what is I?
$73.80
r=6% t=4 years p=$307.50, what is I?
