Calculate the Simple Interest for the Word Problems
Name:
Calculate the Simple Interest for the Word Problems:
1.
If you put $6.57 into a savings account that earns 4%, how much interest
will you receive at the end of eight years?
2.
How much interest is earned on a principal of $9.02 invested at an interest
rate of 8% for three years?
3.
If the balance at the end of eight years on an investment of $7.87 that has
been invested at a rate of 4% is $10.39, how much was the interest?
4.
If you put $6.24 into a savings account that earns 5%, how much interest
will you receive at the end of four years?
5.
How much interest is earned on $5.43 at 5% for five years?
6.
How much interest is earned on a principal of $2.58 invested at an interest
rate of 5% for four years?
7.
If you borrow $5.93 for nine years at an interest rate of 6%, how much
interest will you pay?
8.
How much interest is earned on a principal of $4.62 invested at an interest
rate of 7% for two years?
9.
If the balance at the end of eight years on an investment of $7.97 that has
been invested at a rate of 9% is $13.71, how much was the interest?
10.
How much interest does a $9.66 investment earn at 10% over eight years?
Name:
Calculate the Simple Interest for the Word Problems: 1. $2.10 If you put $6.57 into a savings account that earns 4%, how much interest
will you receive at the end of eight years?
2. $2.16 How much interest is earned on a principal of $9.02 invested at an interest rate of 8% for three years?
3. $2.52 If the balance at the end of eight years on an investment of $7.87 that has been invested at a rate of 4% is $10.39, how much was the interest?
4. $1.25 If you put $6.24 into a savings account that earns 5%, how much interest will you receive at the end of four years?
5. $1.36 How much interest is earned on $5.43 at 5% for five years?
6. $0.52 How much interest is earned on a principal of $2.58 invested at an interest rate of 5% for four years?
7. $3.20 If you borrow $5.93 for nine years at an interest rate of 6%, how much interest will you pay?
8. $0.65 How much interest is earned on a principal of $4.62 invested at an interest rate of 7% for two years?
9. $5.74 If the balance at the end of eight years on an investment of $7.97 that has been invested at a rate of 9% is $13.71, how much was the interest?
10. $7.73 How much interest does a $9.66 investment earn at 10% over eight years?
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