SIMPLE INTEREST

Front

The principle in the simple interest formula I=Prt is

Back

the amount of money borrowed or deposited

Front

Starting money = RM350.

Interest rate = 2.5%

Time = 3 years.

How much interest?

Back

RM26.25

Front

Julie borrowed RM3,500 for 3 years at 7½% simple interest rate. How much interest is that?

Back

RM787.50

Front

Ann puts RM300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?

Back

12

Front

Jerry borrowed RM4,000 for 5 years at 6% simple interest rate. How much interest is that?

Back

RM1,200

Front

Principal = RM500

Interest rate =5%

Time = 5 years

What is the interest earned?

Back

125

Front

Caiden earned RM475 from mowing lawns last summer. He deposited this money in an account that pays a simple interest rate of 3.8%. What will be the amount of interest earned after 15 years?

Back

RM270.75

Front

Emily’s parents put RM1500 in her bank account for college tuition at a simple interest rate of 8.25%. What will be the balance after 18 years?

Back

RM3727.50

Front

Kennedy won RM3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% simple interest, how much will she have in total in her account at the end of 10 years?

Back

RM3,870

Front

Riley invested RM1,000 in a savings account. If the account earns 6.75% simple interest, what is the balance in her account after 15 years?

Back

RM2,012.50