Simple Interest

Front

Maria borrowed $3,000 at a simple interest rate of 4% per year. How much did she have to repay after 4 years?

Back

$3,480

Front

Calculate the interest earned on a $4,500 savings account that earns 2.5% simple interest over three years.

Back

$337.50

Front

Determine the simple interest earned: p= $2000 r= 4.6% t= 4 years

Back

$368.00

Front

Christian opened a savings account with $3250. His account will earn 5.2% simple interest. How much money will be in his account after 6 years?

Back

$4,264.00

Front

Ending balance of an account with $42,000 earning simple interest at 3% for 5 years?

Back

$48,300.00

Front

Sofia deposited $1,700 into a savings account with 1.8% interest for 7 years. How much will be in the account?

Back

$1,914.20

Front

Sarah has $45,000 in student loans with a 6% interest rate over 10 years. How much will she pay back in interest? Options: $27,000, $72,000, $270,000, $315,000

Back

$27,000

Front

Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 months.

Back

$33.50

Front

Mark is comparing loan options to buy a new car. He will be borrowing $20,000. Which loan will cost him the least amount of money? Options: 4.5% simple interest for 4 years, 4.75% simple interest for 3.5 years, 3.5% simple interest for 5 years, 4% simple interest for 4.5 years.

Back

4.75% simple interest for 3.5 years

Front

What is the best loan option if you need to borrow $1,000?

Options:

3% simple interest for 5 years

,

4% simple interest for 4 years

,

5% simple interest for 3 years

,

6% simple interest for 2 years

Back

6% simple interest for 2 years