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Solve for simple interest
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100

How much simple interest would $1000 earn in 9 months at an interest rate of 5%?  Round to the nearest dollar.

$38

100
Nour deposited $550 in an account that pays 1.5% simple interest for 1 year. What will her balance be after 1 year? Round to the nearest tenth



$558.3

100

What simple interest rate would be needed for a deposit of $1500 to earn $500 in interest after 5 years? Round to the nearest percent

7%

100
How long would $100,000 take to double at a simple interest rate of 8%?



12.5 years


100

What does the P stand for in the I=Prt Formula

Principal

200

How much simple interest would $1,750 earn in 11 months at an interest rate of 1.75%, round to the nearest hundredth.

$28.07

200

$1200 was deposited into an account that pays 2.9% simple interest.  How much money will be in the account after 2 years if there are no deposits or withdrawals?

$1269.60

200

What simple interest rate would be needed for a deposit of $7500 to earn $5000 in interest after 13 years? Round to the nearest tenth.

5.1%

200

Solve for time 3000 = (8000)(7.5)(t)

5 years

200

What is the formula for simple interest?

I=Prt

300

How much simple interest would $9,500 earn in 11 years at an interest rate of 14.75%?

$5913.75 

300

Youssef deposited $12,200 in an account that pays 3.12% simple interest for 2 years. What will his new balance be after 2 years? Round to the nearest tenth 

$12961.3

300
What simple interest rate, to the nearest tenth, would be needed for $15,000 to double in 8 years?



12.5%

300

Solve for time 4860 = (1200)(13.5)(t)

3 years

300

$10000 was deposited into a savings account that earns 3.5% simple interest.  Write an equation in the form y=mx+b that shows the account balance after x years.

Y = 350x + 10000

400

$500 is deposited into an account that will pay 3.5% simple interest.  How much money will be in the account after 5 years if the interest gets doubled in the 5th year?

$87.5 x 2 = $175

400

Omar deposited $6540 into an account that pays 6.72% simple interest. What will his balance be after 5 years assume he withdrew 1000$ on the 5th year. Round to the nearest dollar

$7737

400

Ahmed estimates that it will cost $200,000 to send his daughter to a university in 18 years. He currently has $90,000 to deposit in a savings account for her. What simple interest rate must his account have to reach a balance of $200,000 in 18 years? Round to the nearest hundredth.

6.79%


400

Ali put $11000 into an account earning 1.5% simple interest, and Mohamed put $5500 into an account earning 5.25% simple interest.  How long will it take until they have the same amount in their accounts? Round to the nearest hundredth of a year.

22.5 years