Simple and compound interest

Front

Simple interest for a loan with principal of $10,000, interest rate of 6%, and time of 4 years?

Back

$2400

Front

Simple interest for a loan with principal of $2,500, annual interest rate of 6.25%, time of 18 months?

Back

$234.38

Front

A high school graduate needs to borrow $1,500 for 2 years. Should she take a loan with 18% annual simple interest or 12% annual compound interest?

Back

The compound interest loan because the interest is $381.60.

Front

Choose the best loan option: A, B, C, D

Back

A

Front

Which amount is closest to the amount of interest? Options: F, G, H, J

Back

J

Front

Back

G

Front

Back

F

Front

Back

A

Front

Back

A

Front

Back

H