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4.1-4.3 Vocab and Simple Interest Quiz

Last updated almost 4 years ago

12 Nsɛmmisa

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9.

What is the interest earned on $4,500 invested for 5 years at 2% simple interest?

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10.

If you put $4000 in a bank account that earned 6% simple interest annually, what would the BALANCE of the account be after 3 years?

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11.

Edward invests $7000. What interest rate would it take to earn $560 in simple interest over the next two years?

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12.

How long would it take to earn $2064 of simple interest at a 6% rate if i started with $4300.

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