Simple Interest Practice
star
star
star
star
star
Last updated over 1 year ago
9 questions
1
Change 2% to a decimal
Change 2% to a decimal
1
Write 27% as a decimal
Write 27% as a decimal
1
Change 0.01% to a decimal
Change 0.01% to a decimal
1
Amy opened a savings account with $1,750 she received for graduation. The account pays 4.3% simple interest.
What is the balance after 6 months?
Amy opened a savings account with $1,750 she received for graduation. The account pays 4.3% simple interest.
What is the balance after 6 months?
1
Sonja and Jake just got married. They received $4,500 in gift money and deposited it into a savings account that pays 2.85%.
How much will they have in savings after 3 years?
Sonja and Jake just got married. They received $4,500 in gift money and deposited it into a savings account that pays 2.85%.
How much will they have in savings after 3 years?
1
Determine the rate if a bank account's prinicpal value was $100 and after 5 years the account made $40 in interest
Determine the rate if a bank account's prinicpal value was $100 and after 5 years the account made $40 in interest
1
Suppose a bank account with an initial value of $60 with a 3% simple interest rate made $9 in interest. How much time went by?
Suppose a bank account with an initial value of $60 with a 3% simple interest rate made $9 in interest. How much time went by?
1
How much simple interest would $1,500 earn in 11 months at an interest rate of 3.75%?
How much simple interest would $1,500 earn in 11 months at an interest rate of 3.75%?
1
How much simple interest would $1,000 earn in 275 days at an interest rate of 4.21%?
*Remember, there are 365 days in a year
How much simple interest would $1,000 earn in 275 days at an interest rate of 4.21%?
*Remember, there are 365 days in a year