Share Simple and Compound Interest
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Time in Years
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
Daniel borrowed $2000 for 1 year at 12% annual simple interest rate. How much interest he has to pay?hat?
240
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
Bianca put $450 into a savings account that earns 8% simple interest. How much her total amount of money after 7 years?
702
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
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
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%
How long would $10 000 have to be deposited at 5% per year simple interest to gain $1500 interest? ____ years.
3 years
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
Convert 39 months to the year. (Write your answer in decimal)
3.25 years
Convert 36 months to the year.
3 years
Convert 4.5 years to the month.
54 months
Convert 1.5 years to the month
18 month
Convert 33 months to the year. (Write your answer in decimal).
2.75 years
Total amount of money = ______ + Interest
Principal
