Simple Interest
I have invested $34,000 at 4% for 3 years. What is the total amount of my account worth?
$38,192
I have borrowed $1,240 at 8% compounded annually for 2 years. What is my total payback amount?
$1,446.34
$1,500 at 7% compounded annually for 3 years
$1,837.56
Find the amount of savings if $1,000 is deposited for three years at 8% annual interest, compounded annually.
$1,259.71
At the end of five years, what would the total balance be on a principal of $10,000 at 6% annual interest, compounded annually?
$13,382.30
I start with $210 at 8% for 7 years. What is the balance in my account?
$327.60
I have invested $1,030 at 4% compounded annually. The total balance in my account is $1,114.05. How long was my money invested?
2 years
$7,300 at 7% compounded annually for 3 years
$8,942.81
At the end of one year, what would be the total amount in the bank account on a principal of $500 at 4% annual interest, compounded annually?
$520
If you deposited $500 for four years at 6% annual interest, compounded annually, and you deposited the same amount in a simple interest account,which account would have more money and how much would the difference be?
Compound interest: $11.24 more
After 4 years you have accumulated $4,480.00 at 3% simple interest. What was the original amount invested?
$4,000
Your bank statement says you have$13,817.60 from the original amount of $12,700 invested in 1 year. What is the interest rate for this money?
8.8%
$18,000 at 9% compounded annually for 6 years
$30,187.80
Find the amount of interest if $1,000 is deposited for one year at 5% simple interest.
$50
Anne deposited $600 in an account that earns 6% simple annual interest. Shelly deposited $400 in an account that earns 6% annual interest compounded annually. They leave the money in the account for 4 years. Which will have more money in their account? How much more money will they have?
Anne will have more money. She will have $239 more than Shelly
If you invested $20,600 and it grew to $23,896 in 2 years, what was the interest rate given by the bank?
8%
Your account balance is $33,297.30. The bank gave you a 7.9% interest compounded annually for 2 years. What was the original amount invested?
$28,600
What is the amount of interest gained on the following investment:
$55,000 at 16% compounded annually for 2 years
$19,008
At the end of one year, what would the total balance on a principal of $500 at 4% simple interest
$520
Which account should they choose to invest your $300 for 5 years.
● Account A earns 5% simple interest per year.
● Account B earns 5% interest compounded annually.
b. How much more do they earn by choosing the better account?
Account B will earn $7.88 more
What is the amount of interest gained on this investment:
$14,000 at 6% for 9 years
$7,560
What is the amount of interest gained on this loan:
$130 at 9.4% compounded annually for 2 years
$25.59
What is the amount of interest gained on the following investment:
$21,000 at 13.6% compounded annually for 4 years
$13,973
At then end of two years, what would the total interest earned on a principal of $1,000 at 6% annual interest, compounded annually?
$123.60
After 7 years at 3% simple interest per year, your savings account earns $63.
a. What is the principal?
b. How much money do you have left after
buying a $350 video game system?
a. $300
b. $13