SIMPLE INTEREST

Find the simple interest earned for principal of P2,000 at and 8% rate for 5 years.

• P160

• P800

• P80,000

• P16

Tags

CCSS.7.RP.A.3

Find the simple interest earned when the principal is P500 at a rate of 10% held in the bank for 8 months.

• P33.50

• P40,000

• P50

• P400

Tags

CCSS.7.RP.A.3

Find the simple interest paid on a loan of P750 with an 18% rate over 2 years.

• P135

• P13,500

• P270

• P27,000

Tags

CCSS.7.RP.A.3

Find the simple interest paid on a loan of P1,500 at a rate of 19% 15 months.

• P356.25

• P427,500

• P4,275

• P285

Tags

CCSS.7.RP.A.3

Find the simple interest paid on a loan of P4,750 at a rate of 19.5% for 30 months.

• P5

• P2315.63

• P27,787.50

• P926.25

Tags

CCSS.7.RP.A.3

Find the simple interest paid on a deposit of P225 at a rate of 1.5% over 2 years.

• P6.75

• P3.375

• P2,278.13

• P6,750

Tags

CCSS.7.RP.A.3

When Loofa was born, her parents put P8,000 into a college fund account that earned 9% simple interest. Find the amount of interest earned after 18 years.

• P720

• P20,960

• P1,080

• P12,960

Tags

CCSS.7.RP.A.3

After 12 years, a deposit of P10,000 into your college account has earned P6,000 in interest payments. What simple interest rate did the account earn?

• 50%

• 5%

• 500%

• 7.5%

Tags

CCSS.7.RP.A.3

Kermit took out a 4 year loan for P5,500. 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.RP.A.3

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.7.RP.A.3