Year 9 Simple Interest

Interest is a 'bonus' amount that you receive for investing money. It is calculated as a % of the amount you invest. If $5000 is invested and receives interest at a rate of 3% per year. How much interest do you get every year?

• $150

• $1500

• $3

• $30

With simple interest you always receive the same amount every year. If an investment gives $200 simple interest every year, how much interest will you have earned after 4 years?

• $1200

• $450

• $204

• $800

With simple interest you always receive the same amount every year. If an investment gives $55 simple interest every year, how much interest will you have earned after 7.5 years?

• $705.20

• $412.50

• $627.90

• $562.50

When you invest money with the bank you don't lose that original amount (principal) that you invest. So if you invest $6200 and over time receive $1100 in interest, how much money have you now got in total?

• $1100

• $7300

• $6200

• $5100

$20 000 is invested receiving simple interest at a rate of 4% p.a. (per annum). How much interest have you earned after 5 years?

• $4000

• $1000

• $2000

• $800

$20 000 is invested receiving simple interest at a rate of 4% p.a. (per annum). How much money do you have in total after 5 years?

• $24000

• $21000

• $22000

• $20800

$7250.65 is invested receiving simple interest at a rate of 12.7% p.a. (per annum). How much interest have you earned after 3.5 years?

• $3222.91

• $3726.88

• $3608.25

• $3079.81

$7250.65 is invested receiving simple interest at a rate of 12.7% p.a. (per annum). How much money do you have in total after 3.5 years?

• $10473.56

• $18873.56

• $19299.56

• $12075.56

$6500 is invested receiving simple interest at a rate of 7% p.a. (per annum). How much interest have you earned after 36 months?

• $1365

• $5265

• $4080

• $2391

$6500 is invested receiving simple interest at a rate of 7% p.a. (per annum). How much money have you got in total after 36 months?

• $7865

• $8809

• $6478

• $7349