Simple Interest 2022

Last updated almost 4 years ago

10 questions

Simple Interest 2022

Last updated almost 4 years ago

10 questions

Question 1

Principal is

Interest is only paid on the principal.

Interest is paid on both the principal and previously earned interest.

A term for the original amount of money on which interest is calculated.

Question 2

Simple Interest is

Interest is only paid on the principal.

Interest is paid on both the principal and previously earned interest.

A term for the original amount of money on which interest is calculated.

Question 3

Compound Interest is

Interest is only paid on the principal.

Interest is paid on both the principal and previously earned interest.

A term for the original amount of money on which interest is calculated.

Question 4

Determine the amount of interest that is added to the account.

Principal: $2,300
Simple Interest rate: 4%
Time: 10 years

Question 5

James puts $800 in his account that earns 9% simple interest annually. How much will he have in hs account after 8 years.

Question 6

Alexia opens a savings account with $3200 and made not further deposits. If the account pays 6% simple interest, how long will it take until the value of her account reaches $4,928?

Question 7

Janice took out a load for $1,200. She paid off the loan in 15 years. If she paid a total 1,920 for the loan. What was her interest rate?

Question 8

George put $650 in his savings account. He earns 5% simple interest on the account. What is the total amount that he will have in his account after 12 years?

Question 9

Caroline took out a loan for $7,000. She received a 5% simple interest rate. She paid the loan off in 18 years. How much interest did she pay?

Question 10

10.

Jaden put $850 in his savings account. He will earn 3% simple interest. If he earned $255 in simple interest, how many years did he have the money in the account.

Question 1

Principal is

Interest is only paid on the principal.

Interest is paid on both the principal and previously earned interest.

A term for the original amount of money on which interest is calculated.

Question 2

Simple Interest is

Interest is only paid on the principal.

Interest is paid on both the principal and previously earned interest.

A term for the original amount of money on which interest is calculated.

Question 3

Compound Interest is

Interest is only paid on the principal.

Interest is paid on both the principal and previously earned interest.

A term for the original amount of money on which interest is calculated.

Question 4

Determine the amount of interest that is added to the account.

Principal: $2,300
Simple Interest rate: 4%
Time: 10 years

Question 5

James puts $800 in his account that earns 9% simple interest annually. How much will he have in hs account after 8 years.

Question 6

Alexia opens a savings account with $3200 and made not further deposits. If the account pays 6% simple interest, how long will it take until the value of her account reaches $4,928?

Question 7

Janice took out a load for $1,200. She paid off the loan in 15 years. If she paid a total 1,920 for the loan. What was her interest rate?

Question 8

George put $650 in his savings account. He earns 5% simple interest on the account. What is the total amount that he will have in his account after 12 years?

Question 9

Caroline took out a loan for $7,000. She received a 5% simple interest rate. She paid the loan off in 18 years. How much interest did she pay?

Question 10

10.

Jaden put $850 in his savings account. He will earn 3% simple interest. If he earned $255 in simple interest, how many years did he have the money in the account.

Simple Interest 2022

Simple Interest 2022

Principal is

Simple Interest is

Compound Interest is

Determine the amount of interest that is added to the account.Principal: $2,300Simple Interest rate: 4%Time: 10 years

James puts $800 in his account that earns 9% simple interest annually. How much will he have in hs account after 8 years.

Alexia opens a savings account with $3200 and made not further deposits. If the account pays 6% simple interest, how long will it take until the value of her account reaches $4,928?

Janice took out a load for $1,200. She paid off the loan in 15 years. If she paid a total 1,920 for the loan. What was her interest rate?

George put $650 in his savings account. He earns 5% simple interest on the account. What is the total amount that he will have in his account after 12 years?

Caroline took out a loan for $7,000. She received a 5% simple interest rate. She paid the loan off in 18 years. How much interest did she pay?

Jaden put $850 in his savings account. He will earn 3% simple interest. If he earned $255 in simple interest, how many years did he have the money in the account.

Principal is

Simple Interest is

Compound Interest is

Determine the amount of interest that is added to the account.Principal: $2,300Simple Interest rate: 4%Time: 10 years

James puts $800 in his account that earns 9% simple interest annually. How much will he have in hs account after 8 years.

Alexia opens a savings account with $3200 and made not further deposits. If the account pays 6% simple interest, how long will it take until the value of her account reaches $4,928?

Janice took out a load for $1,200. She paid off the loan in 15 years. If she paid a total 1,920 for the loan. What was her interest rate?

George put $650 in his savings account. He earns 5% simple interest on the account. What is the total amount that he will have in his account after 12 years?

Caroline took out a loan for $7,000. She received a 5% simple interest rate. She paid the loan off in 18 years. How much interest did she pay?

Jaden put $850 in his savings account. He will earn 3% simple interest. If he earned $255 in simple interest, how many years did he have the money in the account.

Determine the amount of interest that is added to the account.

Principal: $2,300
Simple Interest rate: 4%
Time: 10 years

Determine the amount of interest that is added to the account.

Principal: $2,300
Simple Interest rate: 4%
Time: 10 years