Simple Interest Practice

Front

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

Back

$800

Front

Loofa's college fund: $8,000 at 9% simple interest for 18 years. Find interest earned.

Back

$12,960

Front

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

Back

$1,200

Front

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

Back

$1392

Front

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays a simple interest rate of 3.8%. What will be the amount of interest earned after 15 years?

Back

$270.75

Front

Emily’s parents put $1500 in her bank account for college tuition at a simple interest rate of 8.25%. What will be the balance after 18 years?

Back

$3727.50

Front

Mark took out a loan for $25,690 at a simple interest rate of 5.2% for 5 years. How much interest will he pay?

Back

$6,679.40

Front

Olivia buys furniture on credit with 9.5% simple interest. She spent $7400. How much will she pay in total after 8 years?

Back

$13,024

Front

The Henley’s took out a new home loan for $195,000 at a simple interest rate of 4.3%. How much will they pay in interest after 30 years?

Back

$251,550

Front

Shawn is buying a new jet ski for $12,500. His Credit Union offers 8.5% simple interest. How much interest will Shawn pay on his Jet Ski after 18 months?

Back

$1593.75