Simple Interest

Hey there, students! If Viaan wants to know how much simple interest he can earn on a principal of $500 at an interest rate of 5% over 3 years, what would that amount be?

• $75

• $150

• $50

• $100

Hey there, math whizzes! Advait, Arnav, and Viaan are on a quest to find out the principal amount. They know that the simple interest earned is $120, the interest rate is 4%, and the time period is 2 years. Can you help them figure it out?

• 1500

• 1800

• 1200

• 2000

Hey there, Kiara! Imagine you have $1,000 to invest at a simple interest rate of 6% for 5 years. Can you figure out how much interest you'll earn by the end of this adventure?

• $500

• $300

• $150

• $200

Hey there, Alisha! Can you help Arnav figure out the time period for a loan? If the principal is $800 and the interest earned is $160 with an interest rate of 4%, how long did it take to earn that interest?

• 10 years

• 5 years

• 7 years

• 3 years

Hey there, Shaan! Let's have some fun with math. Can you figure out how much interest Anika will earn on her $2,000 principal if she invests it at a rate of 3% for 4 years? Put on your thinking cap!

• $300

• $120

• $180

• $240

Aanya is trying to figure out how much interest she earned on her savings. If the simple interest earned is $90 and the principal amount is $600, can you help her find out what the interest rate is?

• 10%

• 15%

• 20%

• 25%

Aarush wants to borrow $1,500 for a fun project that will last 2 years. He finds a lender who offers a simple interest rate of 5%. Can you help him figure out the total amount he will need to repay at the end of the loan?

• $1,650

• $1,200

• $1,800

• $1,500

Nikita is trying to figure out the principal amount for her savings. She knows that the simple interest earned is $75, the interest rate is 5%, and the time period is 3 years. Can you help her find out how much she initially invested?

• 300

• 600

• 400

• 500

Hey there, Aashi! Can you help Tara calculate the simple interest for a principal of $2,500 at an interest rate of 7% for 1 year? Let's see if you can solve this!

• $175

• $125

• $200

• $150

Hey there, Asher! If you want to earn $200 in interest from a principal of $1,000, what interest rate do you need if the time period is 4 years? Let's see if you can figure this out!

• 3%

• 7%

• 5%

• 10%