SMS PreAlg More Simple Interest HW
starstarstarstarstarstarstarstarstarstar
by Malia Rivera
| 20 Questions
An account earns annual simple interest. Find the interest earned, principle, interest rate, or time for each problem.
1
1
Interest earned: \$3250
Principle: \$5000
Rate: _________
Time: 10 years
2
1
3
1
Interest earned: \$39.60
Principle: __________
Rate: 11%
Time: 6 months
4
1
5
1
You deposit \$200 in an account earning 5% simple interest. Compute the simple interest earned after 4 years.
6
1
7
1
8
1
9
1
If a loan is taken our for \$373 at 10% and costs \$186.50, how long was the loan for?
10
1
11
1
What will the final balance be for \$611 invested at 7% for 6 years?
12
1
13
1
You borrow \$2000 from the bank to buy a new computer. The bank offers you a 12 month loan at a rate of 10% simple interest. Compute the simple interest that you will pay on the loan.
14
1
15
1
Based on your answer to #13, what is the total amount of money that you paid for the computer?
16
1
17
1
Find the interest on a loan of \$2500 that is borrowed at 9% for 7 months.
18
1