WorksheetsSimple and compound interest
Total questions: 10
Worksheet time: 50mins
Interest rate =5%
Time = 5 years
What is the interest earned?
What is the simple interest on a housing loan of $350,000, over 30 years with a rate of 4.5%?
$350,00
$47,250
$350,000
$472,500
What would be the total amount of your student loan, if you had to pay back a loan of $10,550, at a rate of 3% over the course of 10 years ?
$13,715
$3165
$31,650
$10,550
Jacob borrows $500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5%. How much will the total amount be that Jacob owes?
$565.70
$262609.38
$65.70
$630.20
Hei-Hei has $1500 in a retirement account earning 5% interest compounded annually. After 5 years how much does Hei-Hei have in the account?
$1750
$2010.14
$2500
$1914.42
Daniel invests $360 in a bank account that is compounded annually for 8 years with an interest rate of 5.5%. What will be the total amount in the account after the 8 years is over?
$625.88
$950.12
$315.45
$552.49
$827.52
$831.10
$839.45
$846.80
