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Laabri

723LRIS WS#9 (Green) Simple Interest

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Last updated over 3 years ago
14 Nsɛmmisa
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14.

How do you feel you did on this assignment?

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1.

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

Write answer like: $1

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2.

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

Write answer like: $1

1
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3.

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

Write answer like: $1

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1
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7.

Find the amount of time if

I = $60

P = $750

r = 4%

Write answer like: t=10 years

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8.

Find the amount of time if

I = $825

P = $2500

r = 5.5%

Write answer like: t=10 years

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4.

How much will he have paid for his car, including interest, after 5 years?

Write answer like: $1

Asemmisa {{asɛmmisaAhyɛnsode}}
5.

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

Write answer like: $1

Asemmisa {{asɛmmisaAhyɛnsode}}
6.

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

Write answer like: $1

Asemmisa {{asɛmmisaAhyɛnsode}}
9.

Find the Principal amount if

I = $84

r = 7%

t = 3 years

Write answer like: P=$123

Asemmisa {{asɛmmisaAhyɛnsode}}
10.

Find the Principal amount if

I = $268.80

r = 5.6%

t = 4 years

Write answer like: P=$123

Asemmisa {{asɛmmisaAhyɛnsode}}
11.

Find the annual interest rate if

I = $18

P = $200

t = 18 months

Write answer like: r=1%

Asemmisa {{asɛmmisaAhyɛnsode}}
12.

Find the annual interest rate if

I = $310

P = $1000

t = 5 years

Write answer like: r=1.1%

Asemmisa {{asɛmmisaAhyɛnsode}}
13.

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: r=1.1%