Percents and Simple Interest

Diego puts $300 in a bank account earning 4% interest. How much will he earn in interest in 1 year?

• 4

• 8

• 12

• 16

Annika invested $2,500 at an annual rate of 5%. How much will she have in the account after 1 year?

• $1875

• $2505

• $625

• $2625

Daniela has dinner at a restaurant and the cost of his meal is $28.00. Because of the service, she wants to leave a 20% tip. What is her total bill including tip?

• 33.60

• 40.00

• 24.60

• 30.50

A video game that usually sells for $60 had a 25% off coupon. What is the new price of the video game?

• $45

• $15

• $35

• $75

Rob has $5,000. He deposits his money into a savings account at Town Bank which offers a 4.25% interest rate. If Rob does not make any deposits or withdrawals, how much simple interest will Rob's money earn after 6 months?

• $10,625

• $1275

• $106.25

• $127,500

You borrowed $28 from your parents to buy a new video game, and they set a interest rate of 15% per month. How much interest do you owe in one month?

• $5.60

• $4.20

• $2.80

• $3.75

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. What will the value of Jerry's account be after 5 years?

• $520,000

• $120,000

• $5,200

• $1,200

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

• $800

• $1,000

• $1,200

• $1,500

Jane deposited $22,000 at a bank that pays 10% interest. Bill deposited $16,000 at a bank that pays 16% interest. Who will receive more interest in a year, and by how much more?

Evaluate responses using AI:

OFF

A bank is offering a savings account that earns 1.5% interest every year. If you deposit $500 =, how much total money would you have after 3 years?

• $2250

• $225

• $22.50

• $522.50