Simple and Compound Interest

I have $50 in a savings account that earns, 7% interest per year. How much simple interest will I have in 5 years?

• 1750 dollars

• 17.5 dollars

• 68.9 dollars

• 6.89 dollars

Bob has $3 in his savings account, that earns 3.4% simple interest yearly. How much interest will he have in 20 years?

• 204 dollars

• 408 dollars

• 4.08 dollars

• 2.04 dollars

Joe has $90 in a savings account that earns 47% simple interest yearly. How much money will be in the account in 30 years?

• 1269 dollars

• 1359 dollars

• 12.69 dollars

• 1400 dollars

Melinda has $145 in a savings account, that earns 9% simple interest annually. How much money will be in the account after 35 years?

• 600.89 dollars

• 456.76 dollars

• 601.75 dollars

• 4.56 dollars

Ishaan has $60 in a savings account. In 10 years, the amount of money in the account is $96. What was the simple interest rate for the account?

• 5%

• 7%

• 6%

• 8%

Ishaan borrowed $5000 from Joe, for 3 years with 7% compounded interest. How much does Ishaan owe Joe in total?

• 35,000 dollars

• 350 dollars

• 61.25 dollars

• 6,125.22 dollars

Kelly borrowed $890 from Lizzy, for 5 years with 20% compounded interest to buy a plane ticket. How much does Kelly owe Lizzy in total?

• $1780.90

• $2214.60

• $7896.45

• $9086.69

Nathan borrowed $1250 from Santiago, for 16 years with 35% compounded interest. How much does Nathan owe Santiago at the end of the 16 years?

• $152,142.42

• $1266.83

• $54,277.52

• $472,599.64

Chase borrowed $857 from Bradley, for 19 years with 24% compounded interest. How much interest does Chase owe Bradley at the end of the 16 years?

• 34,987.37 dollars

• 50,192.66 dollars

• 89,874.48 dollars

• 51,049.66 dollars

Gertrude borrowed $38,378 from Jimmy, for 35 years with 32% compounded interest. How much interest does Gertrude owe Jimmy at the end of the 35 years?

• 637,044,734.98 dollars

• 637,006,356.98 dollars‬

• 463,947,324.34 dollars

• 463,784,435.74 dollars