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SMS PreAlg More Simple Interest HW

Last updated about 7 years ago
20 questions
An account earns annual simple interest. Find the interest earned, principle, interest rate, or time for each problem.
1

Interest earned: $3250
Principle: $5000
Rate: _________
Time: 10 years

1

Type your answer for #1

1

Interest earned: $39.60
Principle: __________
Rate: 11%
Time: 6 months

1

Type your answer for #3

1

You deposit $200 in an account earning 5% simple interest. Compute the simple interest earned after 4 years.

1

Type your answer for #5

1

Based on your answer for #5, what is your new account balance after the 4 years?

1

Type your answer for #7

1

If a loan is taken our for $373 at 10% and costs $186.50, how long was the loan for?

1

Type your answer for #9

1

What will the final balance be for $611 invested at 7% for 6 years?

1

Type your answer for #11

1

You borrow $2000 from the bank to buy a new computer. The bank offers you a 12 month loan at a rate of 10% simple interest. Compute the simple interest that you will pay on the loan.

1

Type your answer for #13

1

Based on your answer to #13, what is the total amount of money that you paid for the computer?

1

Type your answer for #15

1

Find the interest on a loan of $2500 that is borrowed at 9% for 7 months.

1

Type your answer for #17

1

Based on your answer for #17, how much would it cost to repay the loan?

1

Type your answer for #19