Simple Interest Practice

15 Responses | Created by Rachel11364 |

This is an exercise for the whole class.

  1. 1

    Calculate the simple interest of a $1000 loan with the interest of 5% per year. The duration of the loan is 2 years.

  2. 2

    Sara has $85 in an account that earns 2.5% per year. The interest is not compounded. How much interest will she earn in 3 years?

  3. 3

    Calculate the simple interest of a $2800 loan with the interest of 4% per year. The duration of the loan is 6 years.

  4. 4

    David has $245 in an account that earns 3% per year. The interest is not compounded. How much interest will she earn in 4 years?

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