Simple Interest

Find the amount of interest earned in a savings account with an initial deposit of $800 for 15 years at an interest rate of 3%.

• $360

• $1160

• $3,600

• $440

Tags

CCSS.HSF.BF.A.2

Beth took out a 12-year loan for $35,000 for a new pool. If the interest rate is 10.2%, how much will she pay in interest?

• $42,840

• $77,840

• $3,600

• $41, 176

Tags

CCSS.7.RP.A.3

How much interest will be earned on a $6,000 investment at 2.25% for 60 months?

• $675

• $8,100

• $6,675

• $6,225

Tags

CCSS.7.RP.A.3

Caleb bought a $795 necklace for his wife's birthday. If he bought it on credit with an interest rate of 16.25%, how much total will he have paid after three years?

• $1,182.56

• $387.56

• $3,875.63

• $1,176.60

Tags

CCSS.HSF.BF.A.2

Trevon invested $1,500 in an account with an interest rate of 4.25%. If he plans to retire in 18 and a half years, how much total will be in the account?

• $2,679.38

• $119,437.50

• $2,647.50

• $5,041.67

John took out an $80,000 loan for college. If the loan has a 4.5% interest rate, and John takes 10 years to pay it back, how much will he pay total for the loan?

• $116,000

• $36,000

• $81,777.78

• $360,000

Tags

CCSS.7.RP.A.3

After seven years, an initial investment of $600 earned $84. Find the interest rate.

Ryan took out a 66-month loan to pay for a $28,500 car. If he paid $33,829.50 in total at the end of the loan, find the interest rate.

Tags

CCSS.8.EE.C.7B

Find the initial deposit into an account that earned $448 at an interest rate of 2.8% after 10 years.

Tags

CCSS.6.EE.B.7

How long will it take a $2,000 investment to earn $544 in interest at a 1.7% interest rate?

Tags

CCSS.6.EE.B.7