SIMPLE INTEREST

Front

John loaned/borrowed a money from the bank worth ₱20,000 with 10% interest rate. He will pay it after 2 years. How much is the interest?

Back

4000

Front

Caiden earned $475 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

$270.75

Front

Emily’s parents put $1500 in her bank account for college tuition at a simple interest rate of 8.25%. What will be the balance after 18 years?

Back

$3727.50

Front

Mark took out a loan for $25,690 at a simple interest rate of 5.2% for 5 years. How much interest will he pay?

Back

$6,679.40

Front

Olivia buys furniture on credit with 9.5% simple interest. She spent $7400. How much will she pay in total after 8 years?

Back

$13,024

Front

The Henley’s took out a new home loan for $195,000 at a simple interest rate of 4.3%. How much will they pay in interest after 30 years?

Back

$251,550

Front

Kennedy won $3,000 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

$3,870

Front

Riley invested $1,000 in a savings account. If the account earns 6.75% simple interest, what is the balance in her account after 15 years?

Back

$2,012.50

Front

Twelve years ago, Claire deposited $1,800 in a savings account with 2.5% simple interest. How much interest did Claire earn?

Back

$540

Front

The principal in the simple interest formula I=Prt is:

Back

the amount of money borrowed or deposited