Simple Interest Paid and Earned

Using the Simple Interest Formula, calculate the amount of interest you will pay on the loan. I borrowed $10,561 to be paid back in 6 years. My interest rate is 3%.

(a)  

Tags

CCSS.7.RP.A.3

Using the Simple Interest Formula, calculate the amount of interest you will pay on the loan. I borrowed $3,353 to be paid back in 9 years. My interest rate is 10%.

(a)  

Tags

CCSS.7.RP.A.3

Using the Simple Interest Formula, calculate the amount of interest you will pay on the loan. I borrowed $15,863 to be paid back in 6 years. My interest rate is 26%.

(a)  

Tags

CCSS.7.RP.A.3

Using the Simple Interest Formula, calculate the amount of interest you will pay on the loan. I borrowed $15,863 to be paid back in 7 years. My interest rate is 2%.

(a)  

Tags

CCSS.7.RP.A.3

Using the Simple Interest Formula, calculate the amount of interest you will pay on the loan. I borrowed $659 to be paid back in 6 years. My interest rate is 15%.

(a)  

Tags

CCSS.7.RP.A.3

Using the Simple Interest Formula, calculate the amount of interest you will pay on the loan. I borrowed $21,601 to be paid back in 8 years. My interest rate is 18%.

(a)  

Tags

CCSS.7.RP.A.3

Using the Simple Interest Formula, calculate the amount of interest you will pay on the loan. I borrowed $35,292 to be paid back in 3 years. My interest rate is 3%.

(a)  

Tags

CCSS.7.RP.A.3

If I invest $2,955 in a CD for 4 year(s) and my interest rate is 26%, how much interest will I earn and what will be my final balance?

• Interest Earned: $3,073.20; Final Balance: $6,028.20

• Interest Earned: $2,000.00; Final Balance: $4,955.00

• Interest Earned: $1,200.00; Final Balance: $3,955.00

• Interest Earned: $3,500.00; Final Balance: $6,455.00

Tags

CCSS.7.RP.A.3

If I invest $37,839 in a CD for 9 years and my interest rate is 24%, how much interest will I earn and what will be my final balance?

• Interest Earned: $81,732.24; Final Balance: $119,571.24

• Interest Earned: $50,000.00; Final Balance: $87,839.00

• Interest Earned: $90,000.00; Final Balance: $127,839.00

• Interest Earned: $60,000.00; Final Balance: $97,839.00

Tags

CCSS.7.RP.A.3

If I invest $30,486 in a Bank Account for 9 years and my interest rate is 11%, how much interest will I earn and what will be my final balance?

• Interest Earned: $30,181.14; Final Balance: $60,667.14

• Interest Earned: $3,353.46; Final Balance: $33,839.46

• Interest Earned: $9,320.00; Final Balance: $39,806.00

• Interest Earned: $15,000.00; Final Balance: $45,486.00

Tags

CCSS.7.RP.A.3