Simple Interest

What sum would yield an interest of $36 in 3 years at 3% per annum?

• $400

• $220

• $500

• $360

At what rate per cent per annum will $4000 yield an interest of $410 in 2 years?

• 5¹/₈%

• 4¹/₈%

• 3¹/₈%

• ¹/₈%

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?

• $453.60

• $670

• $500

• $353.70

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?

• $55.20

• $40

• $33.75

• $65.56

How much interest is earned on a principal of $646 invested at an interest rate of 5% for two years?

• $64.60

• $75.20

• $23.56

• $64

Jodi owes $38,000 in students loans for college. The interest rate is 7.25% and the loan will be paid off over 10 years. How much will Jodi pay altogether?

• $65,550.00

• $56,345.00

• $27,550.00

• $38,000.00

Find the simple interest on $6000 from 16 May 2010 to 9 October 2010 at 10% per annum.

• $240

• $140

• $300

• $650

Find the sum of money that amounts to $ 992 in 4 years at per annum.

• $800

• $190

• $239

• $550

In how much time dose $ 500 invested at the rate of 8% p.a. simple interest amounts to $ 580.

• 2 years

• 3 years

• 5 years

• 6 years

In how many years will a sum of $ 400 yield an interest of $ 132 at 11% per annum?

• 3 years

• 2 years

• 1 years

• 5 years