Meaning
What does the capital A mean in the formula?
what is A = Current amount
An initial deposit of 5,000.00 dollars is made into a savings account that yields 7.1% interest annually. How much is in the account at the end of 5 years?
What is $6775?
Jagger deposited $782 into a bank account. If he earned 7% interest for 4 years. how much interest would he earn?
What is $218.96
Thomas loaned Brian a certain amount of money. He loaned the money at a simple interest rate of 12% for 8 years. How much did Brian loan Thomas, if Thomas paid him $6,664 back?
What is $3,400
What does P mean in the formula?
What is P= the initial amount (What you start with)?
Pat can get a student loan of $10,000 for 10 years at an interest rate of 7%. How much will the total loan be?
What is $17,000
Sophia borrowed 7,000 dollars from her best friend at a simple interest rate of 4.6% for 34 years. How much interest did her friend receive?
What is $3,948
Lilly makes regular deposits to a savings account to save money for retirement. She deposits a certain amount at 7.8% for 12 years, her account now has $116,160. How much money did she deposit?
What is $60,000
What does r stand for?
What is r= rate?
Matilda invested $5,000 at a rate of 7.5%. How much did she have after 5 years?
What is $6,875
John took out a student loan for $5,500. He is paying an interest rate 4.32% over 10 years. How much interest is John paying over 10 years?
What is $2,376
How much money would you have to invest to earn 131.60 dollars in interest at simple interest rate of 4% for seven years? Round to the nearest cent.
What is $102.81
What does t mean in the formula?
What is t = time?
Aaron deposits 10,000 dollars at 4% interest for 45 years. How much will he earn?
What is $28,000
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?
What is $300
Pat can get a student loan of a certain amount for 10 years at an interest rate of 7%. How much will the loan be, if she received $25,500?
What is $15,000
What is the formula for simple interest?
A = P ( 1 + rt)
Kelley puts 350 dollars in a savings account. The savings account accrues interest at a flat rate of 1.05% a month. How much will account be worth in 7 months? Round to the nearest cent.
What is $375.73
Mrs. Hill bought a car. The car cost $68,900. She is paying 7.9% interest for 6 years. How much interest will Mrs. Hill pay?
What is $32,658.60
How much simple interest is owed on 5,000 dollars is borrowed for 1 year at 5%?
What is $250