Simple Interest
Flashcard
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
Jane received $875 from her graduation party. She put the money in a bank with a 4% simple interest rate. How much interest will she have earned after 7 years?
Back
$245
2.
FLASHCARD QUESTION
Front
Ethan borrowed $2,190 for a new dirt bike. He will pay the money back in 3 years with a simple interest rate of 2.5%. How much interest will he pay?
Back
$164.25
3.
FLASHCARD QUESTION
Front
Colton borrowed $17,240 at a simple interest rate of 8.25% for 5 years. How much total will he have paid?
Back
$24,351.50
4.
FLASHCARD QUESTION
Front
Stefan borrowed $8,950 for an engagement ring at a 6.85% simple interest rate for 6 years. How much total will he have paid?
Back
$12,628.45
5.
FLASHCARD QUESTION
Front
Veronica took out a 48 month loan of $5,500 at a simple interest rate of 3.25%. How much total will she pay?
Back
$ 6,215.00
6.
FLASHCARD QUESTION
Front
How much more interest will Tom earn at City Bank over First National after 12 years on a $500 account?
Back
$51
7.
FLASHCARD QUESTION
Front
Jonah earned $150.36 in interest on an account that earns 1.4% simple interest over 12 years. What was the principal amount?
Back
$895
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