Simple and Compound Interest
Flashcard
•
Mathematics
•
8th Grade
•
Practice Problem
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
Interest earned on $5,000 at 2.5% simple interest in 3 years?
Back
$375
2.
FLASHCARD QUESTION
Front
Sarah borrowed $18,000 for 4 years at an annual simple interest rate of 7%. How much interest will she pay at the end of the 4 years?
Back
$5040
3.
FLASHCARD QUESTION
Front
Sarah borrowed $18,000 for 4 years at an annual simple interest rate of 7%. What is the total amount she will repay for the car loan?
Back
$23,040
4.
FLASHCARD QUESTION
Front
John deposited $2,000 into a savings account. How much will John have in his account after 7 months at a yearly simple interest rate of 3¼%?
Back
$2037.92
5.
FLASHCARD QUESTION
Front
A bank is offering 7% annual compound interest on a savings account. If you deposit $1,500, what will be the total amount of money in your savings account after three years?
Back
$1837.56
6.
FLASHCARD QUESTION
Front
A bank is offering 7% annual compound interest on a savings account. If you deposit $1,500, how much interest will you earn in three years?
Back
$337.56
7.
FLASHCARD QUESTION
Front
Kara borrowed $21,000 for 5½ years at an annual compound interest rate of 7.5%. What is the total amount she will repay the bank for the auto loan?
Back
$31258.30
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