Simple Interest

Front

Larry invests $100 in a savings plan. The plan pays 4.5% interest each year on his $100 account balance. How much money will Larry earn in interest after 3 years?

Back

13.50

Front

Larry invests $100 in a savings plan. The plan pays 4.5% interest each year on his $100 account balance. After 5 years?

Back

22.50

Front

Find the balance of a savings account at the end of 10 years if the interest earned each year is 7.5%. The principal is $500.

Back

875

Front

A $1,000 savings bond earns simple interest at the rate of 3% each year. The interest is paid at the end of every month. How much interest will the bond have earned after 3 months?

Back

7.50

Front

How long will it take for an investment of $450 to earn $200 in interest at a yearly interest rate of 6.5%?

Back

6.8 years

Front

Equation to find simple interest, 𝐴, on $600 after 1.5 years at 2% semiannual rate.

Back

A = 600 * 0.02 * 3

Front

A $1,500 loan has an annual interest rate of 4.25% on the amount borrowed. How much time has elapsed if the interest is now $127.50?

Back

2

Front

Enrique takes out a student loan to pay for his college tuition this year. Find the interest on the loan if he borrowed $2,500 at an annual interest rate of 6% for 15 years.

Back

2250

Front

Your family plans to start a small business in your neighborhood. Your father borrows $10,000 from the bank at an annual interest rate of 8% rate for 36 months. What is the amount of interest he will pay on this loan?

Back

2400

Front

Mr. Rodriguez invests $2,000 in a savings plan with an annual interest rate of 5.75%. How much will he earn after 10 years?

Back

1150