Borrowing money and investments

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?

• $150
• $192
• $1350
• $1392

Tags

CCSS.7.RP.A.3

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?

• $120
• $144
• $1,200
• $1,440

Tags

CCSS.7.RP.A.3

Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?

• 6%
• 6%
• 8%
• 9%

Tags

CCSS.7.RP.A.3

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% in simple interest. What will be his balance after 15 years?

• $270.75
• $745.75
• $2,707.50
• $846.80

Tags

CCSS.7.RP.A.3

John put 14,000 Euros in an account at a simple interest rate of 1% per year.  How much interest will he get after 12 years?

• 16,800 Euros
• 168,000 Euros
• 1,680 Euros

Tags

CCSS.7.RP.A.3

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.RP.A.3

CCSS.7.EE.B.3

CCSS.7.RP.A.2

Calculate the total amount repaid to buy the laptop with a $2500 loan.

• $750

• $2750

• $3250

• $3500

What is the total price of the laptop if you buy it by credit? (1 year = 52 weeks)

• $2500

• $2620

• $3000

• $3120

The interest on a loan over 3 years was $4500. If the interest rate was 12% pa, what was the original purchase amount?

• $10500

• $12000

• $12500

• $13000

Calculate the minimum amount you will pay if you enter into this phone contract.

• $650

• $936

• $966

• $$680