Simple Interest Use I=Prt

What is the simple interest earned on a principal amount of $2000 at an interest rate of 5% per annum for 3 years?

• $300

• $200

• $100

• $400

Tags

CCSS.7.RP.A.3

If you invest $5000 at a simple interest rate of 4% per annum, how much interest will you earn in 4 years?

• $600

• $800

• $1000

• $200

Tags

CCSS.7.RP.A.3

What is the principal amount if the simple interest earned in 5 years at an interest rate of 6% per annum is $900?

• $3000

• $1500

• $1800

• $2000

Tags

CCSS.7.RP.A.3

Calculate the time period required to double a principal amount of $1000 at a simple interest rate of 10% per annum.

• 5 years

• 10 years

• 20 years

• 15 years

Tags

CCSS.7.RP.A.3

• 5%

• 4.5%

• 7.5%

• 3.5%

Tags

CCSS.7.RP.A.3

How much total amount will be received after 2 years if $2500 is invested at a simple interest rate of 8% per annum?

• $2900

• $3000

• $2800

• $3100

Tags

CCSS.HSF.BF.A.2

What is the simple interest on a loan of $6000 taken for 1 year at an interest rate of 9% per annum?

• $540

• $450

• $600

• $500

Tags

CCSS.7.RP.A.3

If the simple interest on a certain sum for 2 years at 6% per annum is $720, what is the principal amount?

• $6000

• $5000

• $4000

• $3000

Tags

CCSS.7.RP.A.3

• 5 years

• 4 years

• 3 years

• 2.5 years

Tags

CCSS.7.RP.A.3

• 1%

• 2%

• 1.5%

• 2.5%

Tags

CCSS.6.EE.B.6