Simple Interest

Calculate the simple interest on a loan of $9000 at a rate of 5% per annum over three years.

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CCSS.7.RP.A.3

Calculate the simple interest on a loan of $10 000 at a rate of 8.5% per annum over 1.5 years.

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CCSS.7.RP.A.3

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CCSS.7.RP.A.3

Stephen deposits $8 600 inn a bank account that pays simple interest at a rate of 6.5% per annum. Find how many years it will take for Stephen's money to double.

Erin deposits $500 in a bank account that pays simple interest at a rate of 9.8% per annum. Find how many years it will take for Erin's money to triple.