retest

Mark took out a loan for $25,690 to purchase a new truck at a simple interest rate of 5.2%. How much interest will he pay on his truck after 5 years?

• $6,679.40

• $32,369.40

• $66,794

• $679.40

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

• $1350

• $192

• $150

• $1392

To find the interest we apply the equation I= Prt where I represents the __________,

Calculate the interest earned on a $4,500 savings account that earns 2.5% simple interest over three years.

• $33.75

• $337.50

• $4837.50

• $4838.00

Determine the balance on a $250 account that earns 3% simple interest over 7 years.

• $52.50

• $302.50

• $197.50

• $305.00

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?

• $140

• $2120

• $120

• $1440

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?

• $140

• $2120

• $120

• $1440

Find the interest

p= $34,100

r = 4%

t = 3 years

• 4092

• 40920

• 4324

• 3254

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

• $160

• $800

• $80,000

• $16

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

• $7.50
• $26.25
• $87.5
• $262.50