Simple and Compound Interest

Front

Find Simple interest on Rs. 2000 at 10% p.a. for 2 years.

Back

400

Front

Starting money = $350.
Interest rate = 2.5%
Time = 3 years.
How much interest?

Back

$26.25

Front

Anna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest?

Back

9 years

Front

Javon has a credit card with a $1,583 balance and an interest rate of 8.8%. How much interest does he owe after 3 years?

Back

$417.91

Front

How many years until Allison is 21 years old if she is currently 12?

Back

9

Front

Allison inherits $50,000 at age 12 with 2% interest. How much interest will she earn by age 21?

Back

$9,000

Front

Interest

Back

the amount owed for borrowing money

Front

Calculate the interest. I = PRT, Principal = $10000, Rate = 7%, Time = 20 years

Back

14000

Front

$8,000 at 9% simple interest for 18 years

Back

$12,960

Front

Chelsea put $7500 into an account paying 5% compounded continuously. She now has $10,643.01. How long has the money been in the account?

Back

7 years