Simple Interest Practice

Last updated over 3 years ago

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

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

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

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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?

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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)?

Ɛhia

Asemmisa {{asɛmmisaAhyɛnsode}}

What is the biggest difference between simple and compound interest?

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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?

Asemmisa {{asɛmmisaAhyɛnsode}}

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

Asemmisa {{asɛmmisaAhyɛnsode}}

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

Asemmisa {{asɛmmisaAhyɛnsode}}

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

Asemmisa {{asɛmmisaAhyɛnsode}}

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?

Asemmisa {{asɛmmisaAhyɛnsode}}

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)?

Asemmisa {{asɛmmisaAhyɛnsode}}

What is the biggest difference between simple and compound interest?

Asemmisa {{asɛmmisaAhyɛnsode}}

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?