Simple Interest
$34,000 at 4% for 3 years
What is interest $4192 and balance $38,192.00?
$1,240 at 8% compounded annually for 2 years
What is interest $206.34 and balance $1,446.34?
$1,500 at 7% compounded annually for 3 years
What is interest $337.57 and balance $1,837.56?
Find the total amount of savings if $1,000 is deposited for three years at 8% annual interest, compounded annually.
What is $1,259.71?
Judah is going to deposit $5000 in an account that earns 4% interest for 20 years. How much more interest will he earn if the account earns annual compound interest rather than annual simple interest?
What is $1,955.62?
$210 at 8% for 7 years
What is interest $117.60 and balance $327.60?
$1,030 at 4% compounded annually for 2 years
What is interest $ 84.05 and balance $1,114.05?
$7,300 at 7% compounded annually for 3 years
What is interest $1642.81 and balance $8,942.81?
At the end of one year, what would be the interest be on a principal of $500 at 4% annual interest, compounded annually?
What is $20.00?
If you deposited $500 for four years ata rate of 6% simple interest, how much is the total balance be?
What is $620?
$4,000 at 3% for 4 years
What is interest $480 and balance $4,480.00?
$12,700 at 8.8% compounded annually for 1 year
What is interest $1117.60 and balance $13,817.60?
$18,000 at 9% compounded annually for 6 years
What is interest $12187.80 and balance $30,187.80?
Find the amount of savings if $1,000 is deposited for one year at 5% annual interest, compounded annually.
What is $1,050?
Ms. Carlton needs to borrow $2,500 for car repairs. The bank provides her with two repayment options.
● Option 1: Monthly payments of $95.00 for 3 years ● Option 2: Monthly payments of $127.00 for 2 years
Which repayment option allows Ms. Carlton to pay the smallest amount of interest?
What is Option 2?
Option 1 - $95 * (3x12) =3420
Option 2 - 127 *(2x12) = 3048
$20,600 at 8% for 2 years
What is interest $3896 and balance $23,896.00?
$28,600 at 7.9% compounded annually for 2 years
What is interest $4697.29and balance $33,297.30?
$55,000 at 16% compounded annually for 2 years
What is interest $19008 and balance $74,008?
At the end of one year, what would the total be on a principal of $500 at 4% annual interest, compounded annually?
What is $520?
At the end of one year, what would the total savings be on a principal of $500 at 4% annual interest, compounded?
What is $520.20?
$14,000 at 6% for 9 years
What is interest $7560 and balance $21,560.00?
$130 at 9.4% compounded annually for 2 years
What is interest $25.59 and balance $155.59?
$21,000 at 13.6% compounded for 4 years
What is interest $13973 and balance $34973?
At then end of two years, what would the interest be on a principal of $1,000 at 6% annual interest, compounded monthly?
What is $123.60?
Oliver makes deposits into two separate savings accounts after 60 months:
Account 1: $5000; 4% annual simple interest
Account 2: $5000;4% annual compound interest
Assuming he makes not additional deposits or withdrawals, find which account has the highest interest earned and what was the interest?
What is account 2 and $1083.26?