Simple (Interest and total)
Ryan deposited $2000 in a savings account at the interest rate if 4% per year. How much simple interest will he earn in 5 years?
$400
Mr Wilkins deposited $2,500 in a new account at his bank. The bank pays 6.5% interest compounded anually on this account. Mr Wikins makes no additional deposits or withdrawals. HHow much will the balance of the account be at the end of 2 years?
$2,835.56
Nicholas has $650 to deposit in two different savings accounts. Nicholas will deposit $400 into Account A, which earns 3.5% annual simple interest. He will deposit $250 into account B, which earns 3((1)/(4))% interest compounded annually. How much will te total balance of these two account be at the end of 2 years?
$694.51
Anna invested $2500 at an annual simple rate of 5%. How long will it take until Anna earns $1125 in interest?
9 years
At what rate will a principle of $16,000 amount to $18733.10 in 90 months compounded annually?
2.125%
Garcia borrowed $4000 from his cousin Susan at the simple rate of 8% per annum. He repaid the amount after two years. How much did he repay?
$4640
An investment of $4000 earns 2% interest compounded anually. What will be the total value of the investment in 7 years
$4594.74
Olivia will deposit $1,530 in an account that earns 6% simple interest every year. Her sister Melinda will deposit $1,500 in an account that earns 8% interest compounded annually. The deposits will be made on the same day, and no additional money will be deposited or withdrawn from the accounts. Whose account will have more final balance after 3 years? And by how much?
Melinda's's account; by $84.17
How many years does Keri need to invest $2087.50 at a 6% simple interest rate to earn $501 in interest?
4 years
Destiny deposits $150 into a Brookhaven college savings account that pays 4% simple interest . How much interest will Destiny earn on her deposit after 5 years?
$30
Garrison deposited $500 in an account that earns 3% interest compounded annually. How much interest will the account earn after 6 years?
$97.03
An investment of $6000 is needing to be placed in an account at a rate of 4.25%. The options are either a simple interest account or a compound interest account. After the 3 years which account would have earned more interest?
compound interest account; $32.97
Mr Flores opened an account with a deposit of $5,000. The account earned annual simple interest. He did not make any additional deposit or withdrawal. At the end of 4 years , the balance of the account was $6,500.
What is the annual interest rate on this account
7.5%
Tamara invested $15,000 in an account that pays 4% annual simple interest. Tamara will not make any additional deposit or withdrawals.
How much interest will Tamara earn on her investment at the end of 3 years
$1,800
Daniel puts $80000 in an account that earns 0.6% interest compounded annually. How much interest does he earn after 15 years?
$7510.41
How much more money is earned on a $2,000 investment at 2% compound interest for 15 years than a $2,000 investment at 2% simple interest for 15 years?
$91.74
Evan opened a savings account and deposited $125. After 6 months, there was $126.25 in the account. What is the annual simple interest rate on the account?
2%
How much more money is earned on a $2,500 investment at 2% annual compound interest for 5 years than a $2,500 investment at 2% simple annual interest for 5 years?
$10.20