Simple Interest FLASHCARDB

Front

ax + c = R (solve for x)

Back

x = (R-c) / a

Front

S = 3F - 24  Solve for F

Back

F = (S + 24)/3

Front

Back

b = 3A - a - c

Front

Back

Front

Elizabeth deposits $200 into a savings account with a 6% annual interest rate. How much interest will she earn over two years without additional deposits?

Back

$24.00

Front

Find the simple interest paid on a deposit of $225 at a rate of 1.5% over 2 years.

Back

$6.75

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

Jenna borrowed $5,000 for 3 years and paid $1,350 simple interest. What rate of interest did she pay?

Back

9%

Front

Anna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest? Options: 5 years, 8 years, 10 years, 9 years

Back

9 years

Front

Mr. Pham has $410,000 in a retirement account that earns 3.85% simple interest each year. Determine the amount earned each year by this investment.

Back

$15,785