Simple Interest

Find the simple interest paid on a loan of $1,500 at a rate of 19% 15 months.

• $356.25

• $427,500

• $4,275

• $285

Tags

CCSS.HSF.BF.A.2

Find the simple interest paid on a deposit of $225 at a rate of 1.5% over 2 years.

• $6.75

• $3.375

• $2,278.13

• $6,750

Tags

CCSS.HSF.BF.A.2

When Loofa was born, her parents put $8,000 into a college fund account that earned 9% simple interest. Find the amount of interest earned after 18 years.

• $720

• $20,960

• $1,080

• $12,960

Tags

CCSS.HSF.BF.A.2

How much interest would you earn if you deposited $575 for 3 months at 2.88% simple interest?

• $4.14

• $4,968

• About $400

• $1,725

Tags

CCSS.HSF.BF.A.2

Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 months.

• $33.50

• $40,000

• $50

• $400

Tags

CCSS.HSF.BF.A.2

Find the simple interest paid on a loan of $4,750 at a rate of 19.5% for 30 months.

• $5

• $2315.63

• $27,787.50

• $926.25

Tags

CCSS.HSF.BF.A.2

After 12 years, a deposit of $10,000 into your college account has earned $6,000 in interest payments. What simple interest rate did the account earn?

• 50%

• 5%

• 500%

• 7.5%

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Kermit took out a 4 year loan for $5,500. He had to pay a total of $1,870 in interest payments. What rate did he pay for his loan?

• 85%

• 5.5%

• 8.5%

• 14%

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

You lend $240 to your friend.  He pays you back $270.  What interest rate did you charge your friend?

• 88%
• 20%
• 12.5%
• 10%

Tags

CCSS.6.RP.A.3C

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.7.RP.A.3