2.2(c)

1. Gary deposits $3,700 in an account that pays 2.15% simple interest. He keeps the money in the account for three years, but doesn't make any deposits or withdrawals. How much interest will he receive after the three years?

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CCSS.7.RP.A.3

2. How much simple interest is earned on $6,000 at an interest rate of 4.25% in 4½ years?

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CCSS.7.RP.A.3

3. How much principal would you have to deposit to earn $700 simple interest in 1½ years at a rate of 4%?

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CCSS.7.RP.A.3

4. Jesse estimates that it will cost $300,000 to send his newborn son to a private college in 18 years. He currently has $65,000 to deposit in an account. What simple interest rate would he need so that $65,000 grows into $300,000 in 18 years? Round to the nearest percent.

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CCSS.7.EE.B.4A

5. Dillon has a bank account that pays 3.2% simple interest. His balance is $1,766. How long will it take for the amount in the account to grow to $2,000? Round to the nearest year.

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CCSS.6.EE.B.7

6. How long will it take $5,000 to double in an account that pays 5.6% simple interest? Round to the nearest year.

7. How much simple interest would $1,500 earn in 11 months at an interest rate of 3.75%?

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CCSS.7.RP.A.3

8. How much simple interest would $1,000 earn in 275 days at an interest rate of 4.21 %? (There are 365 days in a year.)

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CCSS.7.RP.A.3

9. Colin deposited $1,230 in an account that pays 3.19% simple interest for three years.

a. What will the interest be for the three years?

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CCSS.7.RP.A.3

9. Colin deposited $1,230 in an account that pays 3.19% simple interest for three years.

b. What will be the new balance after three years?

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CCSS.7.RP.A.3