Unit 3 Topic 4 - Simple Interest

If Homer invests $200 at 4% yearly simple interest, how much money will he have after the two years are completed?

Marge is borrowing money to buy a new car. If she borrows $8000 at a 7.5% interest rate for 3 years, how much money will she need to repay at the end of the loan?

Bart is borrowing money to attend college. If he borrows $30,000 at a 12% interest rate for 4 years, how much money will he need to repay at the end of the loan?

Maggie was given $500 for her 2^nd birthday. Her parents deposit the money in the bank at a 4% interest rate. Maggie may withdraw the money when she turns 18. How much money will she have on her 18^th birthday?

Lisa borrowed $100 to purchase a new saxophone case. She must pay 3.5% simple interest for 6 months. How much money will she need to repay at the end of the loan?

Sam invested $1500 at a simple interest rate of 5%. How much simple interest would he earn in 5 years?

You deposit $300 in an account that earns an annual interest rate of 3.5%. What is the interest earned in 1.5 years?

Toby puts $120 into his bank account that earns an annual interest of 2.75%. How much simple interest would he earn in 4 years and 3 months?

My final balance after 48 months was $896.00. If I originally put $800.00 into the bank, what was the interest rate?