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734LRIS WS#8 (Green) Simple Interest

Last updated about 2 years ago

25 questions

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Question 24

24.

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%

Question 25

25.

How do you feel you did on this assignment?

4 - I know this VERY well. I could teach it to someone else.

3 - I feel like I know this pretty well. I get almost every question right the first time.

2 - I feel like I am still learning this. I still have some questions and am unsure sometimes.

1 - I don't understand at all. I have LOTS of questions and am not sure what to do most of the time. I NEED TO BE REQUESTED FOR ADVISORY!

Question 1

1.

Find the interest earned in your bank account with the following information:
P = $5000
r = 5.5%
t = 3 yrs
Write answer like: $123

Question 2

2.

What is the balance in your account now?
Write answer like: $1234

Question 3

3.

Find the interest earned in your bank account with the following information:
P = $800
r = 8%
t = 2.5 yrs
Write answer like: $123

Question 4

4.

What is the balance in your account now?
Write answer like: $123

Question 5

5.

Find the interest earned in your bank account with the following information:
P = $1025
r = 3%
t = 8 months
Write answer like: $12.34

Question 6

6.

What is the balance in your account now?
Write answer like: $1234.56

Question 7

7.

Complete the table.
What is the balance?
Write answer like: $1234

Question 8

8.

Complete the table.
What is the principal?
Write answer like: $1234

Question 9

9.

Complete the table.
What is the interest?
Write answer like: $1234

Question 10

10.

Complete the table.
What is the principal?
Write answer like: $12345

Question 11

11.

Complete the table.
What is the interest?
Write answer like: $123

Question 12

12.

How much will Craig have paid in interest by the time his car is paid off?
Write answer like: $12345

Question 13

13.

How much will he have paid for his car, including interest, after 5 years?
Write answer like: $12345

Question 14

14.

How much interest will she have earned at the end of 6 years?
Write answer like: $1234

Question 15

15.

What will the balance be when she is finally able to withdraw her money?
Write answer like: $12345

Question 16

16.

How much interest will Allison have earned when she turns 21 years old?
Write answer like: $1234

Question 17

17.

How much money will be in the account on her 21st birthday?
Write answer like: $12345

Question 18

18.

Find the amount of time if
I = $60
P = $750
r = 4%
Write answer like: t=10 years

Question 19

19.

Find the amount of time if
I = $825
P = $2500
r = 5.5%
Write answer like: t=10 years

Question 20

20.

Find the Principal amount if
I = $84
r = 7%
t = 3 years
Write answer like: P=$123

Question 21

21.

Find the Principal amount if
I = $268.80
r = 5.6%
t = 4 years
Write answer like: P=$123

Question 22

22.

Find the annual interest rate if
I = $18
P = $200
t = 18 months
Write answer like: r=1%

Question 23

23.

Find the annual interest rate if
I = $310
P = $1000
t = 5 years
Write answer like: r=1.1%