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
Type your answer for #1
3
1
Interest earned: $39.60
Principle: __________
Rate: 11%
Time: 6 months
4
1
Type your answer for #3
5
1
You deposit $200 in an account earning 5% simple interest. Compute the simple interest earned after 4 years.
6
1
Type your answer for #5
7
1
Based on your answer for #5, what is your new account balance after the 4 years?
8
1
Type your answer for #7
9
1
If a loan is taken our for $373 at 10% and costs $186.50, how long was the loan for?
10
1
Type your answer for #9
11
1
What will the final balance be for $611 invested at 7% for 6 years?
12
1
Type your answer for #11
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
Type your answer for #13
15
1
Based on your answer to #13, what is the total amount of money that you paid for the computer?
16
1
Type your answer for #15
17
1
Find the interest on a loan of $2500 that is borrowed at 9% for 7 months.
18
1
Type your answer for #17
19
1
Based on your answer for #17, how much would it cost to repay the loan?
20
1
Type your answer for #19
Add to my formatives list

Formative uses cookies to allow us to better understand how the site is used. By continuing to use this site, you consent to the Terms of Service and Privacy Policy.