simple interest

​Date and title in your books
SIMPLE INTEREST

By Aanbar Mohammed

Multiple Choice

Increase £350 by 12%...

• £392

• £308

• £42

• £408

Multiple Choice

A $.25 stamp is increased to $.30. What percent of the original price does this increase represent?

• 8%

• 13.2%

• 20%

• 32.1%

Multiple Choice

Find the percentage change in the following price reduction:

£320 to £272

• 48%

• 17.6%

• 15%

• 85%

Multiple Choice

Find the percentage change in the following price increase:

£650 to £728

• 12%

• 88%

• 18%

• 82%

Multiple Choice

Rachel invested $2,700 in a savings account earning 7% simple interest. If she invests for 2 years, how much money will she have in TOTAL?

(Interest + principal)

• $3,078

• $378

• $40,500

• $4536

Multiple Choice

Maria borrowed $3,000 at a simple interest rate of 4% per year.  How much did she have to repay after 4 years?

• $3480

• $3,480
• $4,800
• $7,800

Multiple Choice

Rachel invested $2,700 in a savings account earning 7% simple interest. If she invests for 2 years, how much money will she have in TOTAL?

(Interest + principal)

• $3,078

• $378

• $40,500

• $4536

Multiple Choice

Maria borrowed $3,000 at a simple interest rate of 4% per year.  How much did she have to repay after 4 years?

• $3480

• $3,480
• $4,800
• $7,800