Personal Finances

Front

Back

$112.50

Front

Back

$16,250

Front

Back

$62.60

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

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

Back

$1,200

Front

Principal = $500
Interest earned in 4 years = $60.
Find the interest rate.

Back

3%

Front

Sam borrowed $4,500 for 2 years and had to pay $630 simple interest at the end of that time. What rate of interest did he pay?

Back

7%

Front

Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?

Back

9%

Front

Expression to determine how much money Bruno had in the account when he turned 16, given $2000 at 3 years old, 2% interest compounded annually.

Back

2000(1+0.02)¹³

Front

Find the total amount in the account to the nearest cent if the interest is compounded annually. $2750 at 8% for 2 years

Back

$3207.60