Simple Interest WS

Find the interest earned and the balance of the account: P = $650, r = 4%, t = 2 years.

• $52 and $702

• $26 and $676

• $104 and $754

• $52 and $676

Find the interest earned and the balance of the account: P = $900, r = 6%, t = 7 years.

• $378 and $1278

• $540 and $1440

• $630 and $1530

• $756 and $1656

Susan opens a savings account with $900. She earned $54 in 1.5 years. What is the annual interest rate?

• 4%

• 6%

• 8%

• 3%

Robert opens an account with $600. The rate is 4% per year. How long does it take Robert to earn $72?

• 1 year

• 2 years

• 3 years

• 4 years

Talia deposits $350 in her savings account. The account earns 2.5% simple interest per year. What is the balance in the account after 4 years?

• $385

• $400

• $435

• $350

Joseph places $5,500 in a savings account for 30 months. He earns $893.75 in interest. What is the annual interest rate?

• 4.5%

• 5.5%

• 6.5%

• 7.5%

Find the interest earned of the account with a principal of $700, a rate of 3%, invested for 4 years.

• $12

• $84

• $707

• $840

Find the balance of an account with a principal of $6,500, a rate of 5%, invested for 12 years.

• $325

• $6,825

• $3,900

• $10,400

Samantha wants to earn $250 from her $5,000 deposit with an interest rate of 2.5%. How many years will that take?

• 2 years

• 1 year

• 1.5 years

• 5 years

Addy opened a savings account with $850. She earned $89.25 in 3.5 years. What was her annual interest rate?

• 1.5%

• 3%

• 3.5%

• 15%