Simple Interest Word Problems
$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?