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Simple Interest
Compound Interest
Definitions
Simple Interest (Rate or Time)
Pop Culture
100

How much interest is earned in a savings account with an initial deposit $34,000 at 4% simple interest rate for 3 years?

$4,080

100

What is the balance of a savings account with a deposit of $1,240 at 8% compounded annually for 2 years?

$1,446.34

100

Extra amount of money made out of an investment or a loan

Interest

100

Maria invested $2500 at an annual simple rate of 5%. How long will it take until Maria earns $1125 in interest?

9 years



100

This superhero gets his name from when he was bit by an arachnid

Spiderman

200

What is the total amount owed on a loan of $210 at 8% simple interest rate for 7 years?

$327.60

200

After 2 years, how much interest is earned on a loan of $1,030 at a 4% compound interest rate?

$84.05

200

"r" stands for?

interest rate

200

Melissa opened an account with a deposit of $4,000. 

  • The account earned annual simple interest. 
  • She did not make additional deposits or withdrawals.
  • At the end of 3 years, the balance of the account was $4,840.

What is the annual interest rate on this account?

7%



200

This rappers real name is Marshall Bruce Mathers III

Eminem

300

What is the balance of a simple savings account with a deposit of $4,000 at 3% after 4 years?

$4,480.00

300

What is the final balance of a loan of $12,700 with a 8.8% compound interest rate after 5 years?

$19,361.91

300

The initial amount of money invested or borrowed

Principal

300

How many years does Bruce need to invest $2087.50 at a 6% simple interest rate to earn $501 in interest?


4 years



300
Person with the MOST followers on TikTok

Charli D'Amelio

400

How much simple interest is earned after 2 years on a loan of $20,600 at 8%?

$3,296

400

How much interest is earned in a compound savings account with a rate of 7.9% over 4 years if you initially deposit $28,600?

$10,166.07

400

"t" stands for?

time (in years)

400

Brayan 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%



400

Portuguese soccer player who has played for Manchester United, Real Madrid, and Juventus.

Christiano Ronaldo

500

After 18 months, what is the total amount owed to the bank for a loan of $14,500 at 6% simple interest rate?

$15,805

500

How much interest is earned on a savings account with an initial $1,200 at a 9.4% compound interest rate after 30 months?

$302.19

500

Interest earned + Principal = ____?____

Total or Final Balance

500

Daisy was charged $2,000 in simple interest for her medical school loan. If her loan had a rate of 5% and was for 2 years, how much was the principal?

$20,000

500

What is the name of Ms. Pilate's Guinea Pig?

Mango