Final Simple Interest Quizizz

Chanelle deposits $7,500 into the bank. She does not withdraw or deposit money for 6 years. She earns 6% interest during that time. How much interest will she have earned at the end of 6 years?

Chanelle deposits $7,500 into the bank. She does not withdraw or deposit money for 6 years. She earns 6% interest during that time. What will the balance be when she is finally able to withdraw her money?

Craig just purchased a new car. He financed $45,000 and must pay it back over 5 years with 11%

interest. How much will Craig have paid in interest by the time his car is paid off?

Craig just purchased a new car. He financed $45,000 and must pay it back over 5 years with 11%

interest. How much will he have paid for his car, including interest, after 5 years?

Allison was left an inheritance from her Great Aunt on her 12th birthday. However, she is not able to touch it until she is 21 years old. She inherited $50,000 that was put into an account with 2% interest. How much interest will Allison have earned when she turns 21 years old?

Allison was left an inheritance from her Great Aunt on her 12th birthday. However, she is not able to touch it until she is 21 years old. She inherited $50,000 that was put into an account with 2% interest. How much money will be in the account on her 21st birthday?

Damian has a balance of $10,200 on his credit card. He threw the card away so he can never use it again. He has 31⁄2 years to pay off the balance. The interest rate on his card is 21%. At the end of the 31⁄2 years, how much interest has he paid?

Damian has a balance of $10,200 on his credit card. He threw the card away so he can never use it again. He has 31⁄2 years to pay off the balance. The interest rate on his card is 21%. When Damian pays off his credit card, how much will he have paid in all?

Rosario was able to get a great interest rate on her house. She financed $150,000 for 15 years with

an interest rate of 2.75%. How much will she pay in interest over 15 years?

Rosario was able to get a great interest rate on her house. She financed $150,000 for 15 years with

an interest rate of 2.75%. When she pays off her mortgage, how much will she have spent in all?