Simple Interest Savings Account
Maya deposits $200 in a savings account with a 2% simple interest rate. How much interest will she earn after 1 year?
$4
Kevin borrows $200 to cover grocery expenses at a 3% simple interest rate per year. How much interest will he owe if he repays the loan in 1 year?
$6
Ella saves $100 in a savings account that earns 2% simple interest per year. How much will her total balance be after 1 year?
$102
Jake saves $1,200 in a savings account with a 3% simple interest rate per year. How much will his total balance be after 3 years?
$1308
Sarah saves $100 in a savings account that earns 2% simple interest per year. How much interest will she earn after 1 year?
$2
Lily deposits $300 in a savings account with a 3% simple interest rate per year. How much interest will she earn if she keeps the money in the account for 2 years?
$18
Sarah borrows $350 to buy textbooks with a 4% simple interest rate. How much interest will she pay if she repays the loan after 2 years?
$28
Daniel deposits $300 in a savings account with a 3% simple interest rate per year. What will be his total balance after 2 years?
$318
Rachel invests $2,000 in a savings account that earns 4.5% simple interest annually. If she keeps her investment for 4 years, what will her total balance be at the end?
$2360
Jake deposits $300 in a savings account with a 3% simple interest rate per year. How much interest will he earn after 2 years?
$18
Max deposits $800 in a savings account that earns 4% simple interest per year. How much interest will he have earned if he leaves his money in the account for 3 years?
$96
Mark takes out a loan of $600 to cover car repairs, with a 5% simple interest rate per year. If he repays the loan in 3 years, how much interest will he pay?
$90
Mia saves $500 in an account that earns 4% simple interest per year. What will be her total balance after 3 years?
$560
Chris saves $3,500 in a bank account with a 5% simple interest rate per year. He plans to use the money as a down payment on a car after 5 years. How much will his total balance be after 5 years?
$4375
Mia saves $800 in an account that earns 4% simple interest per year. What is the interest amount she will have earned after 3 years?
$96
Ana deposits $1,200 in a savings account with a 5% simple interest rate per year. How much interest will she earn in 4 years?
$240
Emily borrows $1,000 to buy a new laptop with a 6% simple interest rate. How much interest will she owe after 4 years?
$240
Alex deposits $800 in a savings account with a 5% simple interest rate per year. How much will his total balance be after 4 years?
$960
Jasmine deposits $5,000 into a high-interest savings account that offers 6% simple interest per year. She plans to withdraw her savings after 6 years to start a business. What will be her total balance at that time?
$6800
Alex saves $1,500 in a bank account with a 5% simple interest rate per year. How much interest will he earn after 4 years?
$300
Jamie saves $2,000 in a savings account that offers 6% simple interest per year. If she leaves her money in the account for 5 years, how much interest will she earn?
$600
James takes out a $3,000 loan to start a small business, with an annual simple interest rate of 5%. If he repays it after 5 years, how much interest will he pay?
$750
Laura deposits $1,500 in a college savings account that earns 6% simple interest per year. What will her total balance be after 5 years?
$1950
Michael invests $10,000 in a retirement account that offers a 7% simple interest rate per year. He plans to leave the money in the account for 10 years. What will be his total balance at the end of this period?
$17000
Jessica deposits $2,000 in a college savings account with a 6% simple interest rate per year. If she leaves it there for 5 years, how much interest will she earn?
$600