Log in
Sign up for FREE
arrow_back
Library
12-Simple Interest (Classwork)
By Rachel Darr
star
star
star
star
star
Share
share
Last updated over 5 years ago
10 questions
Add this activity
1
8.4
1
8.4
1
8.4
1
1
8.4
1
8.4
1
8.4
1
1
8.4
1
8.4
Enter the amount, include $ and two digits after the decimal. Do not write a sentance.
Question 1
1.
How much interest is earned on $583 at 8% for six years?
Question 2
2.
You put $201 into an investment at 9% for four years.
What will the balance be at the end of four years?
Question 3
3.
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?
Question 4
4.
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?
Question 5
5.
How much interest does a $318 investment earn at 9% over one year?
Question 6
6.
If you borrow $675 for six years at an interest rate of 10%.
What is the total amount you have to pay back?
Question 7
7.
If you borrow $421 for nine years at an interest rate of 4%, how much interest will you pay?
Question 8
8.
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.
Question 9
9.
You earn $453.60 interst on an investment that earned an interst rate of 9% for eight years.
What was the principal?
Question 10
10.
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?