7LRIS WS #31-Simple Interest (Pink)

1

Find the Simple Interest:
Chanelle deposits $7,500 into the bank. She does not withdraw or deposit money for 6 years. She earns 6% interest during that time.

How much interest will she have earned at the end of 6 years?

Write answer like: $1,234.56

1

Find the Balance:
What will the balance be when she is finally able to withdraw her money?

Write answer like: $1,234.56

1

Find the Simple Interest:
Craig just purchased a new car. He financed $45,000 and must pay it back over 5 years with 11% interest.

How much will Craig have paid in interest by the time his car is paid off?

Write answer like: $1,234.56

1

Find the Balance:
How much will ha have paid for his car, including interest, after 5 years?

Write answer like: $1,234.56

1

Find the Simple Interest:
Allison was left an inheritance from her Great Aunt on her 12th birthday. However, she is not able to touch it until she is 21 years old. She inherited $50,000 that was put into an account with 2% interest.

How much interest will Allison have earned when she is 21 years old?

Write answer like: $1,234.56

1

Find the Balance:
How much money will be in the account on her 21st birthday?

Write answer like: $1,234.56

1

Find the Simple Interest:
Damian has a balance of $10,200 on his credit card. He threw the card away so he can never use it again. He has 3.5 years to pay off the balancr. The interest rate on his card is 21%.

At the end of the 3.5 years, how much interest has he paid?

Write answer like: $1,234.56

1

Find the Balance:
When Damian pays off his credit card, how much will he have paid in all?

Write answer like: $1,234.56

1

Find the Simple Interest:
Rosario was able to get a great interest rate on her house. She financed $150,000 for 15 years with an interest rate of 2.75%.

How much will she pay in interest over 15 years?

Write answer like: $1,234.56

1

Find the Balance:
When she pays off her mortgage, how much will she have spent in all?

Write answer like: $1,234.56

1

Find the Simple Interest:
Riley let his friend borrow $12,750. He wants to be paid back in 4.75 years and is going to charge his friend a 5.5% interest rate.

How much money in interest will Riley earn?

Write answer like: $1,234.56

1

Find the Balance:
When Riley's friend pays him back, how much money will he have gotten paid back in all?

Write answer like: $1,234.56

1

Find the Simple Interest:
$400 at 7% for 3 years

Write answer like: $1,234.56

1

Find the Balance:
Write answer like: $1,234.56

1

Find the Simple Interest:
$1200 at 5.6% for 4 years

Write answer like: $1,234.56

1

Find the Balance:
Write answer like: $1,234.56

1

Find the Annual Interest Rate:
I = $18
P = $200
t = 18 months
Write answer like: 2%

1

Find the Annual Interest Rate:
I = $310
P = $1000
t = 5 years
Write answer like: 2.1%

1

Find the amount of time:
I = $60
P = $750
r = 4%
Write your answer like: 3 yrs

1

Find the amount of time:
I = $825
P = $2500
r = 5.5%
Write your answer like: 3 yrs

1

Find the Simple Interest: Chanelle deposits $7,500 into the bank. She does not withdraw or deposit money for 6 years. She earns 6% interest during that time.How much interest will she have earned at the end of 6 years?Write answer like: $1,234.56

Find the Balance:What will the balance be when she is finally able to withdraw her money?Write answer like: $1,234.56

Find the Simple Interest:Craig just purchased a new car. He financed $45,000 and must pay it back over 5 years with 11% interest.How much will Craig have paid in interest by the time his car is paid off?Write answer like: $1,234.56

Find the Balance:How much will ha have paid for his car, including interest, after 5 years?Write answer like: $1,234.56

Find the Balance:How much money will be in the account on her 21st birthday?Write answer like: $1,234.56

Find the Simple Interest:Damian has a balance of $10,200 on his credit card. He threw the card away so he can never use it again. He has 3.5 years to pay off the balancr. The interest rate on his card is 21%.At the end of the 3.5 years, how much interest has he paid?Write answer like: $1,234.56

Find the Balance:When Damian pays off his credit card, how much will he have paid in all?Write answer like: $1,234.56

Find the Simple Interest:Rosario was able to get a great interest rate on her house. She financed $150,000 for 15 years with an interest rate of 2.75%.How much will she pay in interest over 15 years?Write answer like: $1,234.56

Find the Balance:When she pays off her mortgage, how much will she have spent in all?Write answer like: $1,234.56

Find the Simple Interest:Riley let his friend borrow $12,750. He wants to be paid back in 4.75 years and is going to charge his friend a 5.5% interest rate.How much money in interest will Riley earn?Write answer like: $1,234.56

Find the Balance:When Riley's friend pays him back, how much money will he have gotten paid back in all?Write answer like: $1,234.56

Find the Simple Interest:$400 at 7% for 3 yearsWrite answer like: $1,234.56

Find the Balance:Write answer like: $1,234.56

Find the Simple Interest:$1200 at 5.6% for 4 yearsWrite answer like: $1,234.56

Find the Balance:Write answer like: $1,234.56

Find the Annual Interest Rate:I = $18P = $200t = 18 monthsWrite answer like: 2%

Find the Annual Interest Rate:I = $310P = $1000t = 5 yearsWrite answer like: 2.1%

Find the amount of time:I = $60P = $750r = 4%Write your answer like: 3 yrs

Find the amount of time:I = $825P = $2500r = 5.5%Write your answer like: 3 yrs

You put $500 in a savings account. The account earns $15.75 simple interest in 6 months. What is the annual interest rate?Write answer like: 2.1%

Find the Simple Interest:
Chanelle deposits $7,500 into the bank. She does not withdraw or deposit money for 6 years. She earns 6% interest during that time.

How much interest will she have earned at the end of 6 years?

Write answer like: $1,234.56

Find the Balance:
What will the balance be when she is finally able to withdraw her money?

Write answer like: $1,234.56

Find the Simple Interest:
Craig just purchased a new car. He financed $45,000 and must pay it back over 5 years with 11% interest.

How much will Craig have paid in interest by the time his car is paid off?

Write answer like: $1,234.56

Find the Balance:
How much will ha have paid for his car, including interest, after 5 years?

Write answer like: $1,234.56

Find the Balance:
How much money will be in the account on her 21st birthday?

Write answer like: $1,234.56

Find the Balance:
When Damian pays off his credit card, how much will he have paid in all?

Write answer like: $1,234.56

Find the Simple Interest:
Rosario was able to get a great interest rate on her house. She financed $150,000 for 15 years with an interest rate of 2.75%.

How much will she pay in interest over 15 years?

Write answer like: $1,234.56

Find the Balance:
When she pays off her mortgage, how much will she have spent in all?

Write answer like: $1,234.56

Find the Simple Interest:
Riley let his friend borrow $12,750. He wants to be paid back in 4.75 years and is going to charge his friend a 5.5% interest rate.

How much money in interest will Riley earn?

Write answer like: $1,234.56

Find the Balance:
When Riley's friend pays him back, how much money will he have gotten paid back in all?

Write answer like: $1,234.56

Find the Simple Interest:
$400 at 7% for 3 years

Write answer like: $1,234.56

Find the Balance:
Write answer like: $1,234.56

Find the Simple Interest:
$1200 at 5.6% for 4 years

Write answer like: $1,234.56

Find the Balance:
Write answer like: $1,234.56

Find the Annual Interest Rate:
I = $18
P = $200
t = 18 months
Write answer like: 2%

Find the Annual Interest Rate:
I = $310
P = $1000
t = 5 years
Write answer like: 2.1%

Find the amount of time:
I = $60
P = $750
r = 4%
Write your answer like: 3 yrs

Find the amount of time:
I = $825
P = $2500
r = 5.5%
Write your answer like: 3 yrs

You put $500 in a savings account. The account earns $15.75 simple interest in 6 months. What is the annual interest rate?
Write answer like: 2.1%