$1,000 is deposited into an account earning an annual simple interest rate of 2%. How much interest is earned in one year?
$20 earned
Money is deposited into an account for 5 years earning an annual simple interest rate of 2%. How much interest is earned if the principal amount is $1000?
$100 earned
In the United Kingdom the risk of a child developing cancer is approximately 3 in 1,500. If there are approximately 11,721,722 children in Great Britain, how many have cancer?
What is 23443
A small company buys $225,000 worth of taxable items during the 2013 year. If they paid a 5.75% sales tax on these items, how much tax did they pay for the year?
What is $12937.50
Ken takes out a loan for $2,500 that earns an annual simple interest rate of 0.9%. What is the interest he must pay?
$180
Kaye places $270 into a bank account that earns 1.8% interest rate in 3 years. What is the interest earned?
$14.58
Michelle spent $300 on preparing for a party with 15 guest. Each guest cost the same amount of money. How many guests could attend the party that cost $500?
What is 25
It took Mr. Teal 4 years to pay off a simple interest loan. The bank charges an interest rate of 5.5%. He pays $352 in interest. What was the principal of the loan?
$1,600