Simple Interest A
What is the formula for simple interest?
I=Prn
Find the simple interest paid
Principal $300 rate 6% pa time 4 years
72
Calculate the simple interest for the following information.
P = $500
r = 6% pa
n = 5 years
150
How much simple interest is owed on 2,000 dollars if borrowed for 7 years at 6% pa?
840
Why was 6 afraid of 7?
Because 7, 8 (ate), 9!
If Sydney and Canberra were to swap names, the Opera House would be in Canberra and the Federal Parliament would meet in Sydney. In this case, the Melbourne Cricket Ground would be in which city?
Melbourne
Calculate the simple interest for the following information.
P = $5,000
r = 5% pa
n = 5 years
1250
Calculate the simple interest:
Principal $400 time 4 years rate 6.5% pa
104
If you borrowed 675 dollars for six years at a simple interest at 10% pa, how much interest will you pay?
405
An initial deposit of 5,000.00 dollars is made into a savings account pays 7.1% interest annually. How much is in the account at the end of 5 years?
$6775
Why did the math book look so sad?
Because it was full of problems
Bill's glass is half full. Ben's is half empty. Bill drinks half of what's in Ben's glass and Ben throws half of what's in Bill's glass in Bill's face. Ben empties his glass into Bill's glass. How full is Bill's glass now?
HALF.
After Bill drinks half Ben's glass and Ben throw out half Bill's glass, both glasses are now a quarter full. Adding these together brings Bill's glass back to half full.
Calculate the simple interest for the following information.
P = $5,400
r = 6% pa
n = 5 months
135
Gina deposits 150 dollars at the start of the year into college savings account that pays 4% simple interest at the end of each year. She does not deposit the interest she earns each year. How much total interest will Gina earn on her deposits through the end of the fifth year?
30
Debbie borrows 1,000,000 dollars for real estate development and makes annual interest only payment for three years at a rate of 7.5% per year. What is her total interest payment over the three year period?
225,000
To buy a laptop computer, Elaine borrowed $2,000 for 3 years at an annual simple interest rate of 5%. How much interest will she pay if she pays the entire loan off at the end of the third year?
$300
Which month has 28 days?
All of them
Mary's mother has six children, April, May, June, July, August and who?
Mary
Calculate the simple interest for the following information.
P = $2300
r = 6% pa
n = 6 months
69
Calculate the simple interest for the following information.
P = $900
r = 3% pa
n = 10 years
270
Calculate the simple interest for the following information.
P = $20,000
r = 5% pa
n = 5
5000
What is the simple interest made on a deposit of $2000 at a rate of 3.5% in 5 years?
350
What do you call a bear with no teeth?
A Gummy Bear
Arlo, Remi, Franky and Otis all attended Meredith's 5th birthday party. There was exactly one party bag for every child at the party, but when the children went home, one bag was left in the bowl. Who did it belong to?
Meredith.
There was one bag for every child at the party, so that includes Meredith
Calculate the simple interest for the following information.
P = $6,800
r = 4% pa
n = 7 months
157.68
$1500 is invested for 6 years at 3.5% per year. What is the interest earned?
315
Thomas loaned Brian $3,400 at a simple interest rate of 12% pa for 8 years. How much did Brian owe Thomas?
3264
A bank offering 2.5% simple interest on a savings account. If you deposit 5,000 dollars, how much interest will you earn in one year?
125
I am an odd number. Take away a letter and I become even. What number am I?
Seven
What is the only letter of the English alphabet, from a to z, to be unjustly and vindictively excluded from this question?
K.
Each letter of the alphabet appears at least once, except for the letter 'K'