Study

Simple Interest

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  • How much money must be invested to earn ₱3,600 in five years at an interest rate of 9%?
    ₱8,000
  • If a loan is taken out for ₱9,100 at 7% simple interest rate and costs ₱2,866.5. How long was the loan for?
    4 years and 6 months
  • If you put ₱3,750 in a savings account that pays 8% interest for nine years. What is the amount of money you will have at the end of nine years?
    ₱6,450
  • Calculate the simple interest on ₱5,900 that you borrowed for 12 months at 5% simple interest rate.
    ₱295
  • Calculate the simple interest on ₱8000 for 9 months at 6% per month.
    ₱360
  • If the balance at the end of 8 years on an investment of ₱6,300 that been invested at a rate of 9% is ____. How much was the total money you have?
    ₱10,836
  • In 48 months, the ₱25,000 you invested will grow to ₱31,000 at a simple interest rate. Find the interest rate.
    6%
  • Your final balance on an investment of ₱2,700 invested at 10% was ₱4,590. For what period of time did you invest?
    7 years
  • How much did you borrow if the interest is ₱366 at an interest rate of 3% for 24 months?
    ₱6,100
  • The amount of interest earned on a principal ₱8,100 is ₱4,050 invested at an interest rate of _____% for five years. What is the interest rate?
    10%