Interest - Problem Solving

Grant made a $2,800 investment that pays a simple interest rate of 6% per year. What is the amount of interest he earned after one year?

What type of problem is this?

• Simple Interest

• Compound Interest

Wendy deposited $2,250 into a savings account at 3.5% interest compounded annually. What is the amount of interest she will earn after 2 years?

What type of problem is this?

• Simple Interest

• Compound Interest

Carlos borrows $4,180 at a rate of 4.1% per year, compounded annually. What is the closest to the total amount he owes after 2.8 years?

What type of problem is this?

• Simple Interest

• Compound Interest

Brent invested $6,500 into an account paying a simple interest rate of 4.2% per year. What is the total amount in the account after 2 years?

What type of problem is this?

• Simple Interest

• Compound Interest

Grant made a $2,800 investment that pays a simple interest rate of 6% per year. What is the amount of interest he earned after one year?

Which equation will you use?

Wendy deposited $2,250 into a savings account at 3.5% interest compounded annually. What is the amount of interest she will earn after 2 years?

Which equation will you use?

Carlos borrows $4,180 at a rate of 4.1% per year, compounded annually. What is the closest to the total amount he owes after 2.8 years?

Which equation will you use?

Brent invested $6,500 into an account paying a simple interest rate of 4.2% per year. What is the total amount in the account after 2 years?

Which equation will you use?

Grant made a $2,800 investment that pays a simple interest rate of 6% per year. What is the amount of interest he earned after one year?

What is the question asking for?

• Interest

• Principle

• Rate

• Time

• Total Amount

Brent invested $6,500 into an account paying a simple interest rate of 4.2% per year. What is the total amount in the account after 2 years?

What is the question asking for?

• Interest

• Principle

• Rate

• Time

• Total Amount