Simple and Compound Interest

Front

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

Back

$800

Front

Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 months.

Back

$33.50

Front

Find the simple interest paid on a loan of $4,750 at a rate of 19.5% for 30 months.

Back

$2315.63

Front

Semi-Annually means how many times a year?

Back

2

Front

Monthly means how many times a year?

Back

12

Front

Heather invested $8,000 in a 4-year Certificate of Deposit (CD) that pays 4.1% interest compounded annually. What is the value of the CD at the end of the 4 years?

Back

$9,394.92

Front

Treasure won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much total will she earn in 10 years?

Back

$4005.09

Front

Cora invested $400 at a rate of 35% for 8 months, compounded continuously. How much is her investment worth after 8 months?

Back

$505.12

Front

Find the simple interest paid on a deposit of $225 at a rate of 1.5% over 2 years.

Back

$6.75

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