Simple Interest

Front

Lauren has $100 in a savings account that earns 10% interest annually. How much interest will she earn in 2 years?

Back

$20

Front

Dayton has $90 in a savings account that earns 5% annually. How much will he have in his account in 1 year?

Back

$94.50

Front

Interest on a $2,000 loan at 8% for 1 year?

Back

$160

Front

You borrow $10,000 from the bank at a 9% interest rate for 5 years. Find the interest you will pay on this loan.

Back

$4,500

Front

You borrow $500 at 11% interest for 2 years. How much interest will you pay? How much will you pay the bank at the end of the loan?

Back

Interest: $110, Total Payment: $610

Front

Interest on a $2,500 loan at 9% for 7 months?

Back

$131.25

Front

Jane's dad takes out a loan for $2,500 at 9% for 7 months. How much would it cost to repay the loan?

Back

$2,631.25

Front

Suppose Sovereign Bank is offering its customers 3% interest on savings accounts. If a customer deposits $1,500 in the account, what does the customer have in their bank account after 5 years?

Back

$1,725

Front

Dianna deposits $725 into her savings account that earns 2% interest annually. How much money will Dianna have in her account after one and a half years?

Back

$746.75

Front

Jaime wants to earn $500 in interest by putting $2,000 into an account that earns 2.5% interest. How long will she need to leave her money in the account?

Back

10 years