Simple Interest Review

Alex invested $5,000 in a savings account with an annual interest rate of 4%. How much interest will he earn after 2 years?

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CCSS.7.RP.A.3

Sarah borrowed $3,000 at a simple interest rate of 6% per year. If she repaid $900 in interest, how long was the money borrowed?

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Jason deposited $8,000 in a bank account and earned $560 in interest after 4 years. What was the annual interest rate?

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CCSS.7.RP.A.3

Maria invested $2,500 at a simple interest rate of 8% per year. If she earned, how much money will she have after 3 years?

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CCSS.7.RP.A.3

If the simple interest for 1 year on a loan is $120 and the interest rate is 5%, what is the principal amount?

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CCSS.7.RP.A.3

Emma borrowed $6,000 at a simple interest rate of 7%. If she repaid a total of $6,840, how long was the money borrowed?

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Tom invested $4,000 for 5 years and earned $800 in interest. What was the annual interest rate?

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If the principal amount is $1,500, the annual interest rate is 6%, and the time is 2 years, what is the total amount?

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CCSS.7.RP.A.3

A loan of $7,000 was taken at a simple interest rate. of 9%. If $8,190 payed back in total, how much interest was paid?

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Lisa deposited $10,000 in a bank account and earned $1,500 in interest. If she kept the money for 4 years, what was the annual interest rate?

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