Simple Interest

simple interest

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

Find the missing amount

100

Find the time.
 Principal $300 rate 6%  Interest $72

4 years

200

Find the Principal

r = 5%

t = 5

I = $1250

$5000

300

Gina deposits $150 at the start of the year into college savings account. She has the account for 5 years.  She earns $30 in interest.

Find the rate.

4%

400

What is the time?
P = $900

r = 3%

I = $270

10 years

500

Calculate the rate.
P = $6,800

t = 7 years

I = $1666

r = 3.5%

What is the total?

100

Calculate the total amount paid back for the following information.
P = $500

r = 6%

t = 5

$650

200

If you borrowed $675  for six years at a simple interest at 10%, how much will you pay back in total?

$1080

300

Debbie borrows 1,000,000 dollars for real estate development and makes annual interest payment for three years at a rate of 7.5% per year. What is her total she needs to pay back?

$1,225,000

400

What is the total amount that is paid back?
P = $20,000

r = 5%

t = 5

$25,000

500

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

$3264

Mix it up

100

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

840

200

Calculate the principal:

time 4 years rate 6.5% Interest $104

$400

300

Calculate the time
P = $5,400

r = 6%

I = $1620

5 years

400

Calculate the time
P = $2300

r = 6%

I = $69

0.5

500

$1500 is invested for 6 years. The interest earned is $315. What is the rate?

315

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