Simple Interest

Front

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

Back

$1392

Front

Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?

Back

125

Front

Interest on $2,000 for 6 months at 12% annual simple interest rate?

Back

$120

Front

What does the t represent in the simple interest formula I=Prt?

Back

Time, in years

Front

Interest earned on a savings account over 2 years with a principal of $200 and a rate of 5%.

Back

$20

Front

What does the R in I = PRT mean?

Back

rate

Front

What does the P in I = PRT mean?

Back

Principal

Front

Simple interest on a housing loan of $350,000 over 30 years at 4.5% rate?

Back

$472,500

Front

Interest on $575 at 2% for 1 year?

Back

$11.50

Front

You take out a car loan. How much will you pay in total for the car, if your loan is for $8000, at a rate of 5% interest, over 3 years?

Back

$9,200