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