Algebra 1 › How to find simple interest
If you deposit into a savings account that yields 5% annual interest, how much interest will you earn in
years?
Oscar spent on his credit card for a Valentine's Day on the town with his better half. If the monthly billing statement totalled
, what is the monthly interest on Oscar's card?
Sal invests $2000 in a fund and after a year, earns $140 of interest. What is the interest rate for the fund Sal invested in?
If a woman invests $2000 into a fund that has 5% annual interest, how much many can she expect to make from her investment, after 2 years?
Exactly one year ago, John placed $8,000 into an investment account. Over the past year, the investments in his account have increased in value by 12%. How much money does he have now?
Cody has fallen behind on his student loan payments and has not made a payment in a year. The original balance of has accrued interest and increased to
. If Cody does not make any payments this year, what will be the year-end balance of the loan?
You invest $550 in a savings account that accrues interest at a rate of 6% annually. How much interest will you earn after 3 years?
Oscar takes out a loan from the bank for . If the end of the month billing statement has a total balance of
, what is the monthly interest rate for the loan?
Find the simple interest earned if you deposit $2000 into a bank at an annual rate of 5% for 3 years.
Carly invested in a savings account, which, within a years' time increased by roughly
. If at the end of the year, Carly withdrew
of the total balance in the savings account, what is the remaining balance?