Simple Interest Including Total

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

• $150
• $192
• $1350
• $1392

Tags

CCSS.7.RP.A.3

If the balance at the end of eight years on an investment of $630 that has been invested at a rate of 9% is $1,083.60, how much was the interest?

• $405.00

• $28.62

• $151.56

• $453.60

If the balance at the end of eight years on an investment of $230 that has been invested at a rate of 3% is $285.20, how much was the interest?

• $108.00

• $55.20

• $170.94

• $14.73

Tags

CCSS.7.RP.A.3

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

• 5 years
• 8 years
• 10 years
• 9 years

Tags

CCSS.6.EE.B.7

Mr. Peterson paid $1,020 in interest for a loan, which was given to him at a rate of 5% for 3 years.  How much money did he borrow originally?

• $5,400
• $6,800
• $3,240
• $14,620

Tags

CCSS.7.RP.A.3

If I deposit $11,500 and receive 10% simple  interest and leave it for 3 months, how much money will be in the account at the end of the term?

• $287.50
• $11,777.31
• $11,787.50
• $2875.00

Convert 18 months to years. 

• 18 Years
• 1.5 Years
• .18 Years
• .6 repeating Years

Tags

CCSS.6.RP.A.3B

If Chloe deposits $2,000 at USA Savings Bank, at the end of 2 years you will have received $240 in simple interest. What is the interest rate at USA Savings Bank?

• 6%

• 8%

• 12%

• simple 24%

Lloyd deposited $1,200 in a certificate of deposit (CD) at a yearly interest rate of 5.5%. He earned $198 in simple interest. How long was the CD for?

• 2 years

• 3 years

• 5 years

• 1 year

Joanna borrowed $500 at an annual interest rate of 8%. At the end of the loan period, she had to pay back $530. How long was the loan for?

• 3/4 of a year = 9 months

• 1/4 of a year = 3 months

• 2/4 of a year = 6 months

• 4/4 of a year = 12 months