Interest earned: $3250
Principle: $5000
Rate: _________
Time: 10 years
Type your answer for #1
Interest earned: $39.60
Principle: __________
Rate: 11%
Time: 6 months
Type your answer for #3
You deposit $200 in an account earning 5% simple interest. Compute the simple interest earned after 4 years.
Type your answer for #5
Based on your answer for #5, what is your new account balance after the 4 years?
Type your answer for #7
If a loan is taken our for $373 at 10% and costs $186.50, how long was the loan for?
Type your answer for #9
What will the final balance be for $611 invested at 7% for 6 years?
Type your answer for #11
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.
Type your answer for #13
Based on your answer to #13, what is the total amount of money that you paid for the computer?
Type your answer for #15
Find the interest on a loan of $2500 that is borrowed at 9% for 7 months.
Type your answer for #17
Based on your answer for #17, how much would it cost to repay the loan?
Type your answer for #19