Calculating Simple Interest Quiz

Mr. Smith invested €800 for 5 years at 6% per annum simple interest. Calculate the amount of interest earned by Mr. Smith at the end of the 5 years.

• €240

• €300

• €400

• €480

If Ms. Johnson invests €1,200 for 2 years at 5% per annum simple interest, what will be the total amount she receives at the end of the investment period?

• €1,260

• €1,320

• €1,350

• €1,400

Calculate the simple interest earned on an investment of €1,500 for 4 years at an interest rate of 3% per annum.

• €150

• €180

• €200

• €220

Mr. Brown invested €2,000 for 6 years at 4% per annum simple interest. How much interest will he earn at the end of the 6 years?

• €400

• €480

• €500

• €600

If €750 is invested for 3 years at 5% per annum simple interest, what is the total interest earned?

• €100

• €112.50

• €125

• €150

Calculate the total amount received after investing €900 for 5 years at 7% per annum simple interest.

• €1,215

• €1,260

• €1,275

• €1,300

An investment of €1,000 earns simple interest at a rate of 6% per annum. How much interest is earned after 3 years?

• €160

• €180

• €200

• €220

Ms. Green invested €1,800 for 2 years at 4% per annum simple interest. What is the total amount she will have at the end of the investment period?

• €1,872

• €1,896

• €1,920

• €1,944

Calculate the simple interest on an investment of €2,500 for 1 year at an interest rate of 5% per annum.

• €100

• €125

• €150

• €175

If €1,100 is invested for 4 years at 3% per annum simple interest, what is the total interest earned?

• €120

• €132

• €144

• €156