Solving Interest Word Problems with Equations

Sarah deposited $200 in a savings account that earns 5% interest per year. How much interest will she earn in one year?

• $5

• $10

• $20

• $15

Tom borrowed $1500 from a bank at an interest rate of 4% per year. How much interest will he owe after one year?

• $120

• $90

• $60

• $30

Emily invested $3000 in a bond that pays 6% interest annually. How much interest will she receive after two years?

• $180

• $360

• $240

• $600

Aisha has $500 in a savings account that earns 3% interest per year. How much total money will she have after three years?

• 546.36

• 530.00

• 600.00

• 500.00

Mark took a loan of $800 at an interest rate of 5% per year. How much interest will he pay after one year?

• $40

• $60

• $20

• $100

Liam invested $1200 in a savings account with a 4% interest rate. How much interest will he earn in six months?

• $60

• $24

• $12

• $48

Jessica has $1000 in a bank account that earns 2% interest per year. How much interest will she earn in five years?

• $150

• $200

• $50

• $100

Noah borrowed $2000 at an interest rate of 3% per year. How much interest will he owe after two years?

• $60

• $80

• $100

• $120

Sophia deposited $1500 in a bank that offers 5% interest per year. How much interest will she earn in four years?

• $200

• $400

• $300

• $150

Oliver invested $2500 in a savings account with a 4% interest rate. How much interest will he earn in one year?

• $150

• $50

• $100

• $200