Simple Interest Practice

Calculate the simple interest on a principal amount of $500 at an interest rate of 5% per year for a period of 3 years.

• $150

• $100

• $75

• $50

Tags

7.13.E

Find the simple interest on a loan of $1000 at an interest rate of 8% per year for a duration of 2 years.

• 160

• 200

• 400

• 80

Tags

7.13.E

A sum of $800 is invested at an interest rate of 6% per year. Calculate the simple interest earned after 4 years.

• $24

• $120

• $480

• $192

Tags

7.13.E

A person borrows $1200 at an interest rate of 7% per year. Find the simple interest after 5 years.

• $420

• $350

• $500

• $600

Tags

7.13.E

Find the simple interest on a loan of $2000 at an interest rate of 6% per year for a duration of 4 years.

• 480

• 800

• 400

• 1200

Tags

7.13.E

A sum of $1000 is invested at an interest rate of 4% per year. Calculate the simple interest earned after 3 years.

• $40

• $80

• $160

• $120

Tags

7.13.E

A person borrows $800 at an interest rate of 5% per year. Find the simple interest after 2 years.

• $40

• $120

• $160

• $80

Tags

7.13.E

Determine the total value of an investment of $200 at a 3% simple interest rate for 5 years.

• $225
• $230
• $220
• $215

Tags

7.13.E

Determine the total value of an investment of $1800 at a 2.5% simple interest rate for 20 years.

• $3600
• $4500
• $5400
• $2700

Tags

7.13.E

Determine the total value of an investment of $2000 at a 3% simple interest rate for 10 years.

• $2600
• $2500
• $2400
• $2300

Tags

7.13.E