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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15
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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seesaw
Swap points!
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rocket
Go to first place!
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baam
Lose 25 points!
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15
Convert 1.5 years to the month
18 month
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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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eraser
Reset score!
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shark
Other team loses 20 points!
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rocket
Go to first place!
Okay!
lifesaver
Give 25 points!
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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
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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trap
No points!
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star
Double points!
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fairy
Take points!
5
10
15
20
25
thief
Give points!
5
10
15
20
25
15
Convert 36 months to the year.
3 years
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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?
975
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15
Total amount of money = ______ + Interest
Principal
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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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15
Emir borrows $1200 from a bank with 8% simple interest per year. How much money will Emir pay at the end of 2 years?
1392
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15
Convert 39 months to the year. (Write your answer in decimal)