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by BlastRoom
Calculate simple interest on a loan or a deposit.
#us_grade_8_math
40 questions
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A credit union charges 12% simple interest per year. Tomas borrows $2400.00 and repays it after 9 months. How much interest is owed?
Sofia repays a $2700.00 loan after 2 years and the simple interest is $324.00. What annual rate was charged?
A credit union pays 3% simple interest per year on a $1400.00 deposit. Find the interest earned after 2 years.
Deposit A is $1500.00 at 5% simple interest for 3 years. Deposit B is $2000.00 at 4% for 2 years. How much more interest does A earn?
A credit union charges 3% simple interest per year. Marisol borrows $700.00 and repays it after 10 months. How much interest is owed?
A $1450.00 loan runs for 2 years at 5% simple interest per year. How much interest does the borrower pay?
A $2700.00 loan is charged 9% simple interest per year for 4 years. What is the total amount owed at the end?
Priya borrows $2300.00 at 9% simple interest per year and repays the loan in full after 6 years. How much is repaid altogether?
A store finances $2050.00 at 12% simple interest per year over 2 years. What is the total amount paid?
Mei deposits $2450.00 in an account that pays 7% simple interest per year, and leaves it there for 4 years. How much interest does the account earn?
A 5-year loan at 6% simple interest per year charges $495.00 in interest. What is the principal?
A credit union pays 7% simple interest per year on a $1000.00 deposit. Find the interest earned after 6 years.
Hector deposits $2750.00 at 6% simple interest per year. What is the balance after 6 years?
A credit union pays 4% simple interest per year on a $2150.00 deposit. Find the interest earned after 4 years.
An account pays 8% simple interest per year. After 5 years a deposit has earned $620.00. How much was deposited?
A $2850.00 loan is charged 4% simple interest per year for 6 years. What is the total amount owed at the end?
Leila deposits $950.00. After 4 years the account has earned $342.00 in simple interest. What annual rate does it pay?
Tomas borrows $1900.00 at 3% simple interest per year for 4 years. How much interest is charged?
Leila saves $850.00 for 10 months in an account paying 12% simple interest per year. Find the interest earned.
A credit union charges 3% simple interest per year. Ines borrows $3000.00 and repays it after 9 months. How much interest is owed?
Owen compares $2000.00 at 6% simple interest for 5 years with $600.00 at 3% for 4 years. How much more interest does the first plan earn?
Andre deposits $800.00. After 4 years the account has earned $96.00 in simple interest. What annual rate does it pay?
A 4-year loan at 5% simple interest per year charges $320.00 in interest. What is the principal?
Kofi saves $900.00 for 30 months in an account paying 12% simple interest per year. Find the interest earned.
A $450.00 loan runs for 5 years at 7% simple interest per year. How much interest does the borrower pay?
Owen saves $1150.00 for 4 years at 4% simple interest per year. What is the final balance?
A credit union pays 6% simple interest per year on a $1600.00 deposit. Find the interest earned after 4 years.
Tomas borrows $2450.00 at 12% simple interest per year and repays the loan in full after 6 years. How much is repaid altogether?
A $1100.00 loan runs for 2 years at 3% simple interest per year. How much interest does the borrower pay?
Kofi saves $1950.00 for 10 months in an account paying 8% simple interest per year. Find the interest earned.
A $550.00 loan is charged 7% simple interest per year for 4 years. What is the total amount owed at the end?
Priya lends a cousin $1150.00 at 3% simple interest per year. After 4 years, how much interest has built up?
Nadia deposits $1350.00. After 5 years the account has earned $202.50 in simple interest. What annual rate does it pay?
Andre earns $162.00 of simple interest in 6 years at 2% per year. What was the opening deposit?
A $2850.00 loan runs for 6 years at 6% simple interest per year. How much interest does the borrower pay?
Leila saves $800.00 for 6 years at 6% simple interest per year. What is the final balance?
Andre puts $300.00 into an account paying 12% simple interest per year. How much is in the account after 4 years?
A 5-year loan at 6% simple interest per year charges $675.00 in interest. What is the principal?
Dev lends a cousin $2100.00 at 4% simple interest per year. After 5 years, how much interest has built up?
A loan of $750.00 is charged simple interest, and after 3 years the interest comes to $180.00. What is the annual interest rate?
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The Cost of Credit
20 questions
