Simple Interest
500$
You deposit $1,000 into a savings account with a 5% annual interest rate, compounded annually. How much money will be in the account after 2 years?
$1102.50
If you borrow $1,200 for 2 years at an interest rate of 5.5% per annum, how much total money will you owe at the end of the 2 years?
132$
You invest $5,000 in a savings account with an annual interest rate of 4 compounded annually for 6 years. What is the total amount in your account after 6 years?
$6326.60
A loan of $2,000 is paid back with a total of $2,600 after 3 years. What was the annual simple interest rate?
10%
A bank with $30 000 has a compound interest rate of 3%. How much interest will be earned after a total of years?
$2781.81
A person deposits $25,000 in a firm that pays interest at the rate of 20% per annum. Find the interest earned after 1 year.
10 000$
You invest $10,000 at an annual interest rate of 6% compounded monthly for 5 years. What is the final balance?
$13 488.50
Jun deposits $1,200 into a savings account with a simple interest rate of 5% per year. How much interest will he earn after 3 years?
180$
You invest $1,000 in a savings account with an annual interest rate of 5%, compounded annually. What is the total amount in your account after 3 years?
$1157.63
In what time can you get $1,200 as simple interest on $5,000 at a rate of 8% per annum?
3 years
An investment earns 3% each year and is compounded monthly. Calculate the total value after 6 years from an initial investment of $5,000.
$ 5 984.74
How many years will it take for a principal of $1,000 to yield $200 in interest at an annual rate of 5%?
4 years
You borrow $5,000 for 4 years at 6% interest, compounded semi-annually. What is the total amount you will pay back?
$6333.85
Find the principal amount required to earn a monthly interest of $210 at a 7% annual simple interest rate.
$36 000
How much money should you deposit today into an account paying 5% annual interest compounded monthly to have $15,000 in the account after 8 years?
$10 049.26
You put $378 in a savings account that pays 8% simple interest annually. If you end up with a total of $665.28 at the end of the investment period, for how many years was the money invested?
9.5 years
An investment of $1,200 grows to $1,750.72 in 7.5 years with interest compounded semi-annually. What is the annual interest rate?
0.05 or 5%
A person invests ₹15,000 into two different schemes. Scheme A offers a certain rate, and Scheme B offers 5%. After 3 years, a total of ₹3,600 is received as simple interest. If the rate for Scheme A was 8%, how much was invested in Scheme A?
$3000
A principal of $30,000 grows to $35,389.35 in 6 years with interest compounded annually. What is the annual interest rate?
0.028 or 2.8%