Simple Interest

What is the simple interest on a loan of $2000 at a rate of 5% per year for 3 years?

• $300

• $100

• $150

• $200

Find the time in years required for an amount of $500 to earn $150 as simple interest at an annual rate of 6%.

• 3 years

• 4 years

• 5 years

• 6 years

If you borrow $5000 at a simple interest rate of 4% for 4 years, what will be the total amount you have to pay back?

• $5800

• $6000

• $6400

• $6800

Calculate the simple interest on $1500 for 2 years at an annual interest rate of 6%.

• $180

• $200

• $220

• $1800

What will be the total payment for a loan of $2500 taken at a simple interest rate of 8% for 3 years?

• $600

• $2800

• $900

• $3100

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

• 5 years

• 8 years

• 10 years

• 9 years

If $1500 is invested at a simple interest rate of 4.5% per year, how much interest will be earned in 3 years?

• $180

• $202.5

• $225

• $270

If the simple interest on the principal for 2 years at 5% per year is $200, what is the principal?

• $2000

• $1000

• $4000

• $5000

Calculate the principal amount that will earn $1120 in interest after 4 years at a simple interest rate of 7% per year.

• $4000

• $3600

• $2120

• $4200

Find the rate of simple interest if $4000 earns $800 in interest in 2 years.

• 8%

• 10%

• 12%

• 20%