Solving for Simple Interest Rate

What is the interest rate if the principal is $500, the time period is 2 years, and the simple interest is $50?

• 5%

• 2%

• 4%

• 3%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

If the principal is $1000, the time period is 3 years, and the simple interest is $120, what is the interest rate?

• 8%

• 5%

• 2%

• 4%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

Calculate the interest rate if the principal is $800, the time period is 4 years, and the simple interest is $160.

• 3%

• 10%

• 5%

• 7%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

Find the interest rate when the principal is $1200, the time period is 5 years, and the simple interest is $300.

• 5%

• 3%

• 7%

• 10%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

If the principal is $1500, the time period is 2 years, and the simple interest is $90, what is the interest rate?

• 6%

• 4%

• 3%

• 5%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

Determine the interest rate if the principal is $2000, the time period is 3 years, and the simple interest is $240.

• 3.5%

• 4%

• 5%

• 6%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

What is the interest rate if the principal is $600, the time period is 4 years, and the simple interest is $120?

• 5%

• 3%

• 10%

• 7%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

Calculate the interest rate when the principal is $1800, the time period is 5 years, and the simple interest is $270.

• 3%

• 5%

• 6%

• 4%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

Find the interest rate if the principal is $700, the time period is 2 years, and the simple interest is $35.

• 2.5%

• 4%

• 3%

• 5%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

If the principal is $2500, the time period is 3 years, and the simple interest is $375, what is the interest rate?

• 4%

• 2%

• 6%

• 5%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3