How to find simple interest

Practice Questions

GRE Quantitative Reasoning › How to find simple interest

Questions
4
1

What is the simple interest rate on an account that accrued after a year if the original deposit was ? Round your answer to the nearest hundredth.

2

If a student borrows $200,000 at an interest rate of 6% compounded annually, when she graduates in 4 years how much money will she owe? Round to the nearest dollar.

3

Harry borrowed $5000 from his parents at a rate of simple interest of 2% annually and paid it back in full in 30 months. What is the total amount of interest and principal his parents charged him?

4

What is the interest rate on an account if an original balance of rises to after one year if it is only compounded yearly?

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