Simple Interest

Front

Ben deposits $6500 in a simple interest account at 2.8% annually for 12 years. How much interest will he earn?

Back

$2184

Front

Steph took out a simple interest loan that charges 8.5% interest annually. Original loan amount: $30,000. Loan term: 20 years. Total payment?

Back

$81,000

Front

Principal that will earn $294 in 5 years at 6% per annum simple interest.

Back

$980

Front

Determine the principal that will earn $200 as simple interest after 8 years at 5% per annum.

Back

$500

Front

Derek deposited $3000 in a simple interest account 3 years ago and earned $360 in interest. What is the interest rate?

Back

4%

Front

Hector took out a small loan of $900 for 18 months at a simple interest rate of 10.5%. How much will he pay in interest?

Back

$141.75

Front

Todd takes out a student loan for $25,000 with an annual simple interest rate of 7.75%. If he pays $38,750 in interest alone, how many years is he taking to pay off the loan?

Back

20 years

Front

Clint earned $1,155 in interest from his simple interest account over 5 years at 1.25% annual interest. How much was the original deposit?

Back

$ 18,480

Front

Susie's account grew from $500 to $508.75 in 6 months. What is the interest rate?

Back

3.5%

Front

Trevor deposits $1500 in a simple interest account that pays 4.3% interest annually. After 15 years, how much total money would be in the account?

Back

$2,467.50