Simple Interest

simple interest 1

100

What is the formula for simple interest?

I=prt

200

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

300

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

400

What is the simple interest made on a deposit of $2000 at a rate of 3.5% in 5 years?

350

500

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

simple interest 2

100

Find the simple interest paid
 Principal $300 rate 6% time 4 years

72

200

Calculate the simple interest for the following information.
P = $5,000

r = 5%

t = 5

1250

300

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

400

Calculate the simple interest for the following information.
P = $900

r = 3%

t = 22 months

$49.50

500

Calculate the simple interest for the following information.
P = $6,800

r = 4%

t = 200 days

149.04

Disney characters

100

What does "Hakuna Matata" mean?

"No worries"

200

Which Disney character sings "Kiss the Girl"?

Sebastian

300

Rapunzel’s chameleon in Tangled is called what?

Pascal

400

Which Disney character sings "How Far I'll Go"?

Moana

500

Thomas loaned Brian $3,400 at a simple interest rate of 12% for 8 years. How much did Brian owe Thomas?

3264

simple interest 4

100

How much simple interest is owed on 2,000 dollars if borrowed for 7 years at 6%?

840

200

Calculate the simple interest:

Principal $400 time 4 years rate 6.5%

104

300

Calculate the simple interest for the following information.
P = $5,400

r = 6%

t = 5 months

135

400

Calculate the principle for the following information.

I = $57.50

r = 6%

t = 6 months

$2300

500

$1500 is invested for 6 years and $315 interest was made. Find the interest rate.

3.5%

Riddles

100

Why was 6 afraid of 7?

Because 7, 8 (ate), 9!

200

Why did the math book look so sad?

Because it was full of problems

300

Which month has 28 days?

All of them

400

What do you call a bear with no teeth?

A Gummy Bear

500

I am an odd number. Take away a letter and I become even. What number am I?

Seven