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WorksheetsCompound and Simple Interest Questions
Total questions: 10
Worksheet time: 11mins
Find the total amount of interest to the nearest cent. If the interest is compounded annually 2750 at 8% for 2 years what is the total amount of interest?
457.60
78.00
67.80
380.96
The simple interest formula is I=PRT. what does the t represent?
Time
Principle
Rate
Tables
The simple interest formula is I=PRT. The P represents principle. the principle is??
the money taken
the money owned
The amount of money borrowed or deposited
the percentage
Emilio borrows 1200 from a bank with 8% simple interest per year. How much will he pay back total in two years
69.99
578
786.35
1392
find the principle for a loan that has an earned interest of 3500 with an annual rate of 10 for 5 years.
550
7,000
13,500
78
Audrey deposited $2,800 in a
savings account that pays 2.65% interest compounded annually. What is the total
value of the account after 7 years?
$562.57
$3362.57
$14,514.15
$2,569,680
I=PRT whee r represents rate. rates must be converted into a _______ before multiplying
percentage
fraction
decimal
mixed fraction
Leroy borrowed 1500 at annual simple interest rate of 12%. he paid 270 in interest. For what amount of time will leroy borrow the money.
18 months
7 days
13 months
10 minutes
Garrison
deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, how
much interest will the account earn after 4 years?
$600
$100
$607.75
$107.75
