Simple interest Review station

To find interest you must have the values of the following variables

• P (principal)

• d( Distance)

• t (time)

• r( interest rate)

• v (speed)

Diego deposited $2,500 in his savings account, which earns 2.5% interest over 2 years. How much is the interest earned over the 2 years

Mr. Stone borrowed a $5,000 from the bank. His bank charges a simple interest rate of 5.6%. How much did he pay back after 2.4 years?

• $672

• $67,200

• $5,672

• $5,000

Mr. Jones deposited $1,650 in his savings account. The account earns 3.5% interest over 12 years.  How much is the total earned over the 12 years?

• $2,300

• $2,343

• $ 693

• $ 712

If Janis borrowed $25,000 to buy a house. The simple interest rate from the bank is 16%. How much does she have to pay back in total after the 7 years?

• $ 28,000

• $53,000

• $4,000

• $2,800,000