Simple Interest

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

• $160

• $800

• $80,000

• $16

Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.

• $135

• $13,500

• $270

• $27,000

When Loofa was born, her parents put $8,000 into a college fund account that earned 9% simple interest. Find the amount of interest earned after 18 years.

• $720

• $20,960

• $1,080

• $12,960

Emilio invests $1200 in a bank with 8% simple interest per year.  How much will be in the account in total in 2 years?

• $150
• $192
• $1350
• $1392

Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?

• 95
• 105
• 125
• 135

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

• $7.50
• $26.25
• $87.5
• $262.50

Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.

• 14
• 140
• 168
• 16.80

Lauren has $100 in a savings account that earns 10% interest annually. How much interest will she earn in 2 years?

• $20

• $2

• $200

• $0.20

Dayton has $90 in a savings account that earns 5% annually. How much will he have in his account in 1 year? (Hint: First find the interest, then add it to the original amount.)

• $4.50

• $945

• $45

• $94.50

You are starting your own small business. You borrow $10,000 from the bank at a 9% interest rate for 5 years. Find the interest you will pay on this loan.

• $450

• $14,500

• $900

• $4,500