Simple and Compound Interest Calculation

1. 1. Calculate the simple interest on a principal amount of $2000 at an interest rate of 5% per annum for 2 years. [Green]

2. 2. Calculate the simple interest on a principal amount of $200 at an interest rate of 7% per annum for 2 years. [Green]

3. 3.Nurul invested $1000 for 4 years at 0.2% per annum simple interest. Work out the total money in the account at the end of 4 years. [Green]

2. 4. Find the compound interest on $2000 at an interest rate of 5% per annum compounded annually for 3 years. [Yellow]

5.What is the simple interest on $600 at an interest rate of 2% per annum for 8 months? [Yellow]

6.Calculate the principal amount which was charged at 2% per annum for 3 years if the simple interest earned is $360. [Yellow]

7.Thania invests $800 for 20 years in a bank account paying simple interest. At the end of the 20 years, she has earned $320 interest. Work out the annual rate of interest, giving your answer in percent.[Red]

7. 8.Find the simple interest on $1000 at an interest rate of 0.1% per annum for 73 days. [Red]