Compounded and simple interest

Principal = $500 Interest rate =5% Time = 5 years What is the simple interest earned?

• 95
• 105
• 125
• 135

Starting money = $350. Interest rate = 2.5% TIme = 3 years. How much simple interest?

• $7.50
• $26.25
• $87.5
• $262.50

Principal = $800 Interest Rate = 3.5% Time = 6 months Find the simple interest earned.

• 14
• 140
• 168
• 16.80

Calculate the simple interest. 

, Principal = $10000, Rate = 7%, Time = 20 years

• 1400
• 1000
• 14000
• 14

Calculate the simple interest.

Principal = $1000,

Rate = 6%,

Time = 2 years

• $100

• $120

• $180

• 1200

Caiden deposited $475 in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?

• $827.52

• $831.10

• $839.45

• $846.80

You borrowed $59,000 for 2 years at 11% which was compounded annually. What is the total?

• $13,693.90

• $1,363.90

• $72,693.90

• $73,793.90

Audrey deposited $2,800 in a

savings account that pays 2.65% interest compounded annually.

What is the total value of the account after 7 years?

• $562.57

• $3362.57

• $14,514.15

• $2,569,680

Julia invested $1000 for college in an account earning 5% compounded annually. When she checked the account after 4 years, how much money did she find in the account?

• Not enough

• $563.24

• $1215.51

• $3200.12

The Henley's took out a loan for $195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much interest will they  have paid after 30 years?

• $412,749.79

• $429,305.61

• $471,259.24

• $494,546.99