# simple interest

### A retired couple invested \$8000 in bonds. At the end of one year, they received an interest payment

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...
Thread by: math_celebrity, Oct 21, 2021, 0 replies, in forum: Calculator Requests

### How long will it take \$3000 to earn \$900 interest at 6% simple interest?

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...
Thread by: math_celebrity, Jun 1, 2021, 0 replies, in forum: Calculator Requests

### Luke invested 120 at 5% simple interest for a period of 7 years. How much will investment be worth a

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...
Thread by: math_celebrity, Mar 13, 2021, 0 replies, in forum: Calculator Requests

### Daniel invests £2200 into his bank account. He receives 10% per year simple interest. How much will

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...
Thread by: math_celebrity, Nov 7, 2020, 0 replies, in forum: Calculator Requests

### I invest \$3000 at 5% interest a year. So far I have made \$600 with simple interest. How many years h

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...
Thread by: math_celebrity, Oct 2, 2020, 0 replies, in forum: Calculator Requests

### Bridget deposited \$4500 at 6 percent simple interest. How much money was in the account at the end o

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...
Thread by: math_celebrity, Jun 26, 2020, 0 replies, in forum: Calculator Requests

### A couple is opening a savings account for a newborn baby. They start with \$3450 received in baby gif

Thread by: math_celebrity, May 8, 2020, 0 replies, in forum: Calculator Requests

### Ravi deposits \$500 into an account that pays simple interest at a rate of 4% per year. How much inte

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?...
Thread by: math_celebrity, Jun 22, 2019, 0 replies, in forum: Calculator Requests

### Reece made a deposite into an account that earns 8% simple interest. After 8 years reece has earned

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...
Thread by: math_celebrity, Apr 13, 2019, 0 replies, in forum: Calculator Requests

### Luke invested \$140 at 6% simple interest for a period of 7 years. How much will his investment be w

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...
Thread by: math_celebrity, Dec 31, 2018, 0 replies, in forum: Calculator Requests

### If \$9000 grows to \$9720 in 2 years find the simple interest rate.

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...
Thread by: math_celebrity, Mar 6, 2018, 0 replies, in forum: Calculator Requests

### You are given a choice of taking the simple interest on \$100,000 invested for 5 years at a rate of 2

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...
Thread by: math_celebrity, Nov 12, 2017, 0 replies, in forum: Calculator Requests

### You deposit \$2000 in an account that earns simple interest at an annual rate of 4%. How long must yo

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...
Thread by: math_celebrity, Aug 22, 2017, 0 replies, in forum: Calculator Requests

### What is the simple interest accrued from a \$500 investment at 7% interest for 5 years?

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...
Thread by: math_celebrity, May 11, 2017, 0 replies, in forum: Calculator Requests

### A sum of money doubles in 20 years on simple interest. It will get triple at the same rate in: a.

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....
Thread by: math_celebrity, Apr 16, 2017, 0 replies, in forum: Calculator Requests

### Rachel deposits \$6000 into an account that pays simple interest at a rate of 6% per year. How much i

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?...
Thread by: math_celebrity, Feb 22, 2017, 0 replies, in forum: Calculator Requests

### At what simple interest rate will 4500\$ amount to 8000\$ in 5 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) =...
Thread by: math_celebrity, Feb 2, 2017, 0 replies, in forum: Calculator Requests

### Diana invested \$3000 in a savings account for 3 years. She earned \$450 in interest over that time pe

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...
Thread by: math_celebrity, Jan 16, 2017, 0 replies, in forum: Calculator Requests