Alice borrowed $1000 for 5 years and paid $150 simple interest on the loan. The rate of interest that she needs to pay is ... %
3%
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baam
Lose 20 points!
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shark
Other team loses 5 points!
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shark
Other team loses 10 points!
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lifesaver
Give 20 points!
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15
How long would $10 000 have to be deposited at 5% per year simple interest to gain $1500 interest? ____ years.
3 years
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seesaw
Swap points!
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gift
Win 10 points!
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rocket
Go to first place!
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banana
Go to last place!
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15
Convert 39 months to the year. (Write your answer in decimal)
3.25 years
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15
Find the total amount in the account to the nearest cent if the interest is compounded annually. $2750 at 8% for 2 years.
3207.60
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15
Time in Years
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15
Wendy and Connor each deposit $8,300 into accounts that earn 3.5% interest for 25 years. Wendy's account earns annual simple interest and connor's account earns compound interest. Who will earn more interest after 25 years?
Connor
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15
A man borrows $20 000 for four years at a rate of 5.5% per annum. The simple interest that he has to pay is
4400
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thief
Give points!
5
10
15
20
25
magnet
Take 20 points!
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shark
Other team loses 15 points!
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banana
Go to last place!
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15
Daniel borrowed $2000 for 1 year at 12% annual simple interest rate. How much interest he has to pay?hat?
240
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15
Convert 4.5 years to the month.
54 months
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15
Erika takes out a loan for $6,500 and will need to pay back 3% simple interest. How much interest will she need to pay after 5 years?