Simple interest Extit ticket
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Last updated over 5 years ago
6 questions
1
Lincoln deposited $2,350 in a savings account that pays 4.5% simple annual interest. If Lincoln does not make any additional deposits or withdrawals, how much interest will he earn in 5 years?
Lincoln deposited $2,350 in a savings account that pays 4.5% simple annual interest. If Lincoln does not make any additional deposits or withdrawals, how much interest will he earn in 5 years?
1
Itzel borrowed $375 for a new bicycle. She will pay the money back in 18 months, with simple interest of 5.7%. What is the total balance she will owe?
Itzel borrowed $375 for a new bicycle. She will pay the money back in 18 months, with simple interest of 5.7%. What is the total balance she will owe?
1
Markus invested $900 in an account that pays 4% annual simple interest. Markus will not make any additional deposits or withdrawals. How much interest will Markus earn on her investment at the end of 36 months?
Markus invested $900 in an account that pays 4% annual simple interest. Markus will not make any additional deposits or withdrawals. How much interest will Markus earn on her investment at the end of 36 months?
1
Leslie deposited $460 into a savings account that pays 3.2% simple annual interest. If Leslie does not make any additional deposits or withdrawals, how much interest will she have earned at the end of 5 years?
Leslie deposited $460 into a savings account that pays 3.2% simple annual interest. If Leslie does not make any additional deposits or withdrawals, how much interest will she have earned at the end of 5 years?
1
Cynthia has earned $1,000 and wants to put it in a savings account that earns 5% simple interest. Assuming she makes no additional deposits or withdrawals, what will be the total value of Cynthia’s account after 48 months?
Cynthia has earned $1,000 and wants to put it in a savings account that earns 5% simple interest. Assuming she makes no additional deposits or withdrawals, what will be the total value of Cynthia’s account after 48 months?
1
An investment of $600 is made into an account that earns 6.5% annual simple interest for 3 years. Assuming no other deposits or withdrawals are made, find the interest will she have earned.
An investment of $600 is made into an account that earns 6.5% annual simple interest for 3 years. Assuming no other deposits or withdrawals are made, find the interest will she have earned.