A retired couple invested $8000 in bonds. At the end of one year, they received an interest payment of $584. What was the simple interest rate of...
How long will it take $3000 to earn $900 interest at 6% simple interest? Set up the simple interest equation for the interest piece: 3000 * 0.06t...
Luke invested 120 at 5% simple interest for a period of 7 years. How much will investment be worth after years Using our balance with simple...
Daniel invests £2200 into his bank account. He receives 10% per year simple interest. How much will Daniel have after 2 years? Using our simple...
I invest $3000 at 5% interest a year. So far I have made $600 with simple interest. How many years have I been investing? Simple interest is...
Bridget deposited $4500 at 6 percent simple interest. How much money was in the account at the end of three years? Using our simple interest...
A couple is opening a savings account for a newborn baby. They start with $3450 received in baby gifts. If no depositts or withdrawals are made,...
Ravi deposits $500 into an account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 4 years?...
Reece made a deposite into an account that earns 8% simple interest. After 8 years Reece has earned 400 dollars. How much was Reece's initial...
Luke invested $140 at 6% simple interest for a period of 7 years. How much will his investment be worth after 7 years? Using our simple interest...
If $9000 grows to $9720 in 2 years find the simple interest rate. Simple interest formula is Initial Balance * (1 + tn) = Current Balance We have...
You are given a choice of taking the simple interest on $100,000 invested for 5 years at a rate of 2% or the interest on $100,000 invested for 5...
You deposit $2000 in an account that earns simple interest at an annual rate of 4%. How long must you leave the money in the account to earn $500...
What is the simple interest accrued from a $500 investment at 7% interest for 5 years? Using our simple interest balance calculator, we get $175...
A sum of money doubles in 20 years on simple interest. It will get triple at the same rate in: a. 40 years b. 50 years c. 30 years d. 60 years e....
Rachel deposits $6000 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 4 years?...
At what simple interest rate will 4500$ amount to 8000$ in 5 years? Simple Interest is written as 1 + it. With t = 5, we have: 4500(1 + 5i) =...
Diana invested $3000 in a savings account for 3 years. She earned $450 in interest over that time period. What interest rate did she earn? Use the...
Kunio puts $2,200.00 into savings bonds that pay a simple interest rate of 2.4%. How much money will the bonds be worth at the end of 4 years?...
You borrowed $25 from your friend. You paid him back in full after 6 months. He charged $2 for interest. What was the annual simple interest rate...
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