Simple Interest

Simple Interest

Assessment

Flashcard

Mathematics

8th Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

Simple interest on a loan of $2000 at 5% per year for 3 years?

Back

$300

2.

FLASHCARD QUESTION

Front

Find the time in years required for an amount of $500 to earn $150 as simple interest at an annual rate of 6%.

Back

5 years

3.

FLASHCARD QUESTION

Front

If you borrow $5000 at a simple interest rate of 4% for 4 years, what will be the total amount you have to pay back?

Back

$5800

4.

FLASHCARD QUESTION

Front

Calculate the simple interest on $1500 for 2 years at an annual interest rate of 6%.

Back

$180

5.

FLASHCARD QUESTION

Front

Total payment for a loan of $2500 at 8% simple interest for 3 years?

Back

$3100

6.

FLASHCARD QUESTION

Front

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

Back

9 years

7.

FLASHCARD QUESTION

Front

$1500 is invested at a simple interest rate of 4.5% per year for 3 years. How much interest will be earned?

Back

$202.5

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