Simple interest formula


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The simple interest on a principal of $300 at an interest rate of 5% i..
The simple interest on a principal of $300 at an interest rate of 5% is $45. For how many years is the simple interest calculated? => 3 or 6 or 5 or 4..
George earned $16 as simple interest on $800 for 3 months. Find the ye..
George earned $16 as simple interest on $800 for 3 months. Find the yearly rate of interest. => 7% or 10% or 9% or 8%..
Find the simple interest on a principal of $140 for a period of 4 year..
Find the simple interest on a principal of $140 for a period of 4 years at an interest rate of 3%. => $15.80 or $16.80 or $17.80 or $18.80..
Find the final balance after 3 years at 4% simple interest on $1000.
Find the final balance after 3 years at 4% simple interest on $1000. => $1120 or $1140 or $1130 or $1100..
Mr. Jones deposited $8000 in a bank that pays a simple interest of 7% ..
Mr. Jones deposited $8000 in a bank that pays a simple interest of 7% per year. Find the balance in his account at the end of 5 years . => $10800 or $10300 or $10600 or $9800..
Tanya deposited $300 in her savings account. The rate of simple intere..
Tanya deposited $300 in her savings account. The rate of simple interest is 4% per year. Find the balance at the end of four years. => $48 or 1600 or $348 or 116..
Sheela can buy a DVD player in a single payment of $100 or by paying ..
Sheela can buy a DVD player in a single payment of $100 or by paying an interest of $10 per month. Find the rate of simple interest per month. => 10% or 20% or 16% or 4%..
Jim gave a loan of $4200 to his uncle. He charges 8.2% interest each y..
Jim gave a loan of $4200 to his uncle. He charges 8.2% interest each year. His uncle pays him back in 4.5 years. How much simple interest does his uncle pay? => $1649.8 or $1539.8 or $1599.8 or $1549.8..
How long will it take for Mr. Floyd to double his savings of $4000, i..
How long will it take for Mr. Floyd to double his savings of $4000, if he deposits the amount in an account that offers a simple interest of 10% per year? => 13 years or 14 years or 12 years or 10 years..
How much does Tom have at the end of 1 year if he invests $1200 at 5.5..
How much does Tom have at the end of 1 year if he invests $1200 at 5.5% simple interest? => $1266 or $1264 or $1263 or $1265..
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