Simple Interest

Front

Principal in the simple interest formula I=Prt

Back

the amount of money

Front

What does the "I" in the interest formula stand for?

Back

Interest

Front

Alex borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

Back

$1,200

Front

Emilio borrows $1200 from a bank with 8% simple interest per year. What will be the account balance in 2 years?

Back

$1392

Front

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. What will the value of Jerry's account be after 5 years?

Back

$5,200

Front

Penny puts $300 in a bank account earning 4% interest. How much will he earn in interest in 1 year?

Back

12

Front

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

Back

$800

Front

Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 months.

Back

$33.50

Front

Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.

Back

$270

Front

Find the simple interest paid on a loan of $1,500 at a rate of 19% for 15 months.

Back

$356.25