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12-Simple Interest (Classwork)

Last updated over 5 years ago

10 questions

Enter the amount, include $ and two digits after the decimal.  Do not write a sentance.

1

How much interest is earned on $583 at 8% for six years?

1

You put $201 into an investment at 9% for four years.
What will the balance be at the end of four years?

1

Alexander takes out a personal loan of $2,000 with a one-year term and an annual simple interest rate of 5%.
How much interest will Alexander owe if he pays the entire loan by the end of the first year?

1

Tamara’s parents invested $10,000 at a yearly non-compounding simple interest rate of 2.5%.
What will the total amount in the account after 18 years?

1

How much interest does a $318 investment earn at 9% over one year?

1

If you borrow $675 for six years at an interest rate of 10%.
What is the total amount you have to pay back?

1

If you borrow $421 for nine years at an interest rate of 4%, how much interest will you pay?

1

You invest $407 at a simple interest rate of 6%.
How much will be in the account after 7 years?

Use what you know about solving equations to answer the following questions.

1

You earn $453.60 interst on an investment that earned an interst rate of 9% for eight years.
What was the principal?

1

If the balance on an investment of $230 that has been invested at a rate of 3% is $285.20, how many years was money invested?