Simple Interest Practice (1/18)

Calculate the simple interest on a principal amount of $2000 at an interest rate of 5% per annum for 3 years.

• $100

• $300

• $50

• $150

Find the simple interest on $3000 at 8% per annum for 4 years.

• $500

• $250

• $720

• $960

Determine the simple interest on $1500 at 6% per annum for 2 years.

• $200

• $120

• $180

• $160

What is the simple interest on $2500 at 4% per annum for 5 years?

• $500

• $100

• $200

• $1000

What is the simple interest on $6000 at 5% per annum for 2 years?

• $600

• $300

• $1200

• $900

What is the simple interest on $7000 at 7% per annum for 3 years?

• $1470

• $2100

• $700

• $490

What is the simple interest on $8000 at 6% per annum for 3 years?

• $1440

• $1600

• $1800

• $2000

Calculate the simple interest on a principal amount of $5000 at an interest rate of 3% per annum for 4 years.

• $600

• $200

• $400

• $800

What is the simple interest on $9000 at 4% per annum for 3 years?

• $1080

• $1200

• $900

• $720

Calculate the simple interest on a principal amount of $4000 at an interest rate of 2% per annum for 5 years.

• $400

• $200

• $800

• $600