Simple Interest

To the nearest dollar, how much money would have to be invested from June 4 until December 22 at 13%, in order to earn $750 in interest?

• $12,840

• $5,769

• $2,186

• $10,476

• $5,151

At what simple annual interest rate would $835 grow to $900 in 5 months?

• 16.7%

• 4.5%

• 7.8%

• 18.7%

• 17.3%

At what simple annual interest rate would $1,896 grow to $2000 in 300 days?

• 6.7%

• 8.5%

• 7.8%

• 5.5%

• 6.3%

An investment of $19,250 grew to $20,000 between March 26 and October 10. What simple annual interest rate did the investment earn?

• 3.9%

• 8.5%

• 6.9%

• 5.5%

• 7.2%

How many months would it take for $3,500 to grow to $4,000 at 15%?

• 9.5

• 11.4

• 348

• 10

• 6.6

To the nearest day, how many days would it take for $9,500 to grow to $10,000 at 7%?

• 75

• 188

• 261

• 365

• 274

How long will it take to earn $542.40 interest on an investment of $6,400 at 11.3%?

• 7.5 months

• 8.0 months

• 8.5 months

• 9.0 months

• 9.5 months

What simple annual interest rate would you need to earn $2,000 interest in 147 days on an investment of $49,000?

• 19.33%

• 40.82%

• 10.13%

• 21.44%

• 7.85%

If $59,200 grows to $60,000 in 41 days what simple annual interest rate was earned?

• 12.03%

• 11.87%

• 13.51%

• 17.48%

• 10.16%

Calculate the amount of money that would have to be invested at 8.5% to earn monthly interest of $3,000? Round to the nearest dollar.

• $255,000

• $352,941

• $355,491

• $423,529

• $521.449