Simple and compound interest

Front

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

Back

$1392

Front

Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?

Back

125

Front

Jenna borrowed $5,000 for 3 years and paid $1,350 simple interest. What rate of interest did she pay?

Back

9%

Front

Simple interest on a housing loan of $350,000 over 30 years at 4.5% rate?

Back

$472,500

Front

What would be the total amount of your student loan, if you had to pay back a loan of $10,550, at a rate of 3% over the course of 10 years?

Back

$13,715

Front

Jacob borrows $500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5%. How much will the total amount be that Jacob owes?

Back

$565.70

Front

Hei-Hei has $1500 in a retirement account earning 5% interest compounded annually. After 5 years, how much does Hei-Hei have in the account?

Back

$1914.42

Front

Daniel invests $360 in a bank account that is compounded annually for 8 years with an interest rate of 5.5%. What will be the total amount in the account after the 8 years is over?

Back

$552.49

Front

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?

Back

$831.10

Front

Loan amount: $195,000, Interest rate: 4.3% compounded annually, Duration: 30 years. Calculate total payment.

Back

$689,546.99