Simple Interest

Q. Ryan deposited $2,000 in a savings account at the interest rate of 4% per year. How much simple interest will he earn in 5 years?

Q. Garcia borrowed $4,000 from his cousin Susan at the rate of 8% per year. He repaid the amount after two years. How much did he repay?

Q. Tracy put $3,500 into an investment yielding 4.5% annual interest. She left the money in for 8 years. How much interest does she get in those 8 years?

Q. Anna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest?

Q. Jerry invested $1,500 in an account that paid him 8.25% simple interest. What will the balance of his account be after 6 years?

Q. Mr. Peterson wrote a check of $7,820 to pay off a loan, which was given to him at a rate of 5% simple interest for 3 years. How much money did he borrow originally?

Q. If $3,840 is invested in an account at 5% annual simple interest, how long will it take the account balance to grow to $4,800?

Q. Principal = 1500, interest rate = 7%, time = 8 years. Calculate the interest.

Q. Jack deposited $1,400 in his bank account. After 3 years, the account is worth $1,694. Find the simple interest rate the account earned.

Q. Principal = 360, Interest = $17.55, Time = 9 months. Calculate the Interest Rate.