Simple Interest Practice

Last updated about 3 years ago

7 questions

Required

Question 1

What is the simple interest on this savings account when Todd deposits $1500 at 5% interest for 2 years?

Required

Question 2

You want to invest $8000 for 2 years. How much will you earn if you have a simple interest accoutn at 4%

Required

Question 3

3. A credit card has a balance of $4000. How much interest are you paying if you have 10% simple interest for 2 years?

Required

Question 4

The owner of a company invests $12000 for 2 years. How much do they earn if they have a simple interest account at a 20% APR?

Required

Question 5

If you are INVESTING money, would you rather have a simple interest account or a compound interest account (if rate and time and principal were the same)?

Required

Question 6

What is the biggest difference between simple and compound interest?

Question 7

Challenge (if you want to try it!)
What is the interest on a compound interest account for 3 years if the rate is 10% and the principal is $5,000?

Question 1

What is the simple interest on this savings account when Todd deposits $1500 at 5% interest for 2 years?

Question 2

You want to invest $8000 for 2 years. How much will you earn if you have a simple interest accoutn at 4%

Question 3

3. A credit card has a balance of $4000. How much interest are you paying if you have 10% simple interest for 2 years?

Question 4

The owner of a company invests $12000 for 2 years. How much do they earn if they have a simple interest account at a 20% APR?

Question 5

If you are INVESTING money, would you rather have a simple interest account or a compound interest account (if rate and time and principal were the same)?

Question 6

What is the biggest difference between simple and compound interest?

Question 7

Simple Interest Practice

What is the simple interest on this savings account when Todd deposits $1500 at 5% interest for 2 years?

You want to invest $8000 for 2 years. How much will you earn if you have a simple interest accoutn at 4%

3. A credit card has a balance of $4000. How much interest are you paying if you have 10% simple interest for 2 years?

The owner of a company invests $12000 for 2 years. How much do they earn if they have a simple interest account at a 20% APR?

If you are INVESTING money, would you rather have a simple interest account or a compound interest account (if rate and time and principal were the same)?

What is the biggest difference between simple and compound interest?

Challenge (if you want to try it!)What is the interest on a compound interest account for 3 years if the rate is 10% and the principal is $5,000?

What is the simple interest on this savings account when Todd deposits $1500 at 5% interest for 2 years?

You want to invest $8000 for 2 years. How much will you earn if you have a simple interest accoutn at 4%

3. A credit card has a balance of $4000. How much interest are you paying if you have 10% simple interest for 2 years?

The owner of a company invests $12000 for 2 years. How much do they earn if they have a simple interest account at a 20% APR?

If you are INVESTING money, would you rather have a simple interest account or a compound interest account (if rate and time and principal were the same)?

What is the biggest difference between simple and compound interest?

Challenge (if you want to try it!)What is the interest on a compound interest account for 3 years if the rate is 10% and the principal is $5,000?

Challenge (if you want to try it!)
What is the interest on a compound interest account for 3 years if the rate is 10% and the principal is $5,000?

Challenge (if you want to try it!)
What is the interest on a compound interest account for 3 years if the rate is 10% and the principal is $5,000?