simple interest

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

• $160

• $800

• $80,000

• $16

Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.

• $135

• $13,500

• $270

• $27,000

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

If ,Principal = $500

Interest rate =5%

Time = 5 years

what is the interest earned?

• 95

• 105

• 125

• 135

Emilio borrows $1,200 from a bank at a rate of 8% per year. How much will he have to pay back in total after 2 years?

• $150

• $192

• $1350

• $1392

What does the "R" in the simple interest formula stand for?

• Principal

• Interest

• Rate

• Time

Maria borrowed $3,000 at a rate of 4% per year. How much did she have to repay after 4 years?

• $480

• $3,480

• $4,800

• $7,800

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

• $300

• $540

• $500

• $400