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Grab Bag
100
Principal $50, Rate 2.5%, Time 4 years. What is the interest?
What is $5
100
Principal $25, Rate 120%, Time 4 months. What is the interest?
What is $10
100
Principal $10, Rate 400%, Time 1 year. What is the interest?
What is $40
100
This is how you would write 3 months for the time, simplified.
What is 1/4
100
Time is always written in this.
What are years?
200
Joanne borrowed $450 at a simple interest rate of 8% for 7 years. How much interest will Kristen pay?
$252
200
Kristen borrowed $700 at a simple interest rate of 15% for 3 years. How much interest will Kristen pay?
What is $315
200
Malanda borrowed $57 at a simple interest rate of 3% for 2 years. How much interest will Malanda pay?
What is $3.42
200
This is how you could right 7 months for the time.
What is 7/12
200
The original amount of a loan or deposit.
What is principal?
300
Maria put $500 into a savings account. She made no more deposits or withdrawals. The account earns 2% simple interest per year. How much money will be in the account after 5 years?
What is $50
300
Ana earns 2.5% simple interest on $2000 in her savings account. She does not make any deposits or withdrawals. After 3 years, how much interest will Ana have earned on her savings account?
What is $150
300
Laura borrowed $175,000 at a rate of 5% simple interest for 15 years. How much interest will Laura pay?
What is $131,250
300
Mr. Jenkins borrowed $600 at a simple interest rate of 4%. He wants to repay the loan in 3 years. What is the total amount that Mr. Jenkins will repay?
What is $672
300
The percent of the interest is known as this.
What is rate?
400
Mike put $3000 in a savings account at a simple interest rate of 4%. If Mike does not add or remove any money from the savings account, how much money will Mike have in his account after 8 years?
What is $3960
400
Antwan put $1000 into a savings account. He made no more deposits or withdrawals. The account earns 2.5% simple interest per year. How much money will be in the account after 4 years?
What is $1100
400
Amy put $40 into a savings account. She made no more deposits or withdrawals. The account earns 2% simple interest per year. How much money will be in the account after 35 years?
What is $68.
400
Alexis put $43,000 into a savings account. She made no more deposits or withdrawals. The account earns 1.2% simple interest per year. How much money will be in the account after 5 years?
What is $45,580
400
A percent can be converted to this.
What is a decimal?
500
John had $2000. He deposited 40% of the money into a simple interest account. The account has a 6% annual interest rate. How much interest has he earned on this deposit at the end of six months?
What is $24
500
Hilda starts the year with $80. Her parents give her 10% of $80 each month for a year. Hilda does not spend or receive any additional money during the year. How much money does Hilda have at the end of 1 year?
What is $176
500
Hannah borrowed $2000 from a bank. She agreed to pay back the bank $2180 after 2 years. What was the simple interest rate of the loan?
What is 4.5%
500
An account earned $143.86 in simple interest over 4 years and 3 months. There were no deposits or withdrawals on the account. The interest rate is 0.25%. What was the principal for this account?
What is $13,539.76
500
This is the formula for simple interest.
What is I=PRT?
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