Simple Interest Solving for I

Calculate the simple interest on a loan of $10,000 with a rate of 6.8% for 8 years.

• $5440

• $15440

• $54400

• $544000

What is the amount of interest earned on a loan of $3999 with a rate of 2% to be paid over 2 years?

• $15.99

• $159.96

• $1599.60

• $15996

Starting money = $350
Interest rate = 5.5%
Time = 36 months
How much interest?

• $7.50

• $57.75

• $87.5

• $262.50

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?

• $150

• $192

• $1350

• $1392

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays a simple interest rate of 3.8%. What will be the amount of interest earned after 15 years?

• $3182.50

• $270.75

• $2707.50

• $745.75

Beatrice deposits $525 in an account that pays 4.3% simple   annual interest. If she keeps the money in the account for   12 years, how much INTERESTwill she earn?
(Round to the nearest cent)

I = Prt

Mathematical Equivalence

ON

Tags

MA.912.FL.3.2

Ayden has $250 to deposit in an account. He is saving to buy some Jordan 4's. He put his money in a simple interest account at Wells Fargo with a rate of 5%. He plans to leave the money in the eaccount for 36 months?​ Which formula should we use to find the interest? ​ ​ ​ (a)   What is the P? ​ (b)   ​ What is the r? ​ (c)   What is the t? ​ ​ (d)   How much interest will Ayden earn? ​ (e)  

• I = prt

• 250

• 0.05

• 3

• 37.50

• A = P (1+r) t

• 36

• 3750

Calculate the interest. I = PRT, Principal = $1000, Rate = 6%, Time = 2 years

• $100

• $120

• $180

• 1200

Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% simple interest, how much will she have in total in her account at the end of 10 years?

• $8700

• $38,700

• $870

• $3,870

SIMPLE INTEREST FORMULA

f

e

g

h

Interest

Increase

Rate

Time in months

Time in years

Principal

Problem

Radius

Tags

8.12D