Question1

Question6

Ryandeposited$2,000inasaving
accountattheinterestrateof4%per
year.Howmuchsimpleinterestwill
heearnin5years?
A.

$800

B.

$1,000

Mr.Hernandowroteacheckof
$7,820topayoffaloan,whichwas
giventohimatarateof5%simple
interestfor3years.Howmuchmoney
didheborroworiginally?

C.

$450

D.

$400

A.

$5,400

B.

$6,800

C.

$3,240

D.

$14,620

Question2
Garciaborrowed$4,000fromhis
cousinSusanattherateof8%per
annum.Herepaidtheamountafter
twoyears.Howmuchdidherepay?

Question7

A.

$640

B.

$6,640

If$3,840isinvestedinanaccountat
5%annualsimpleinterest,howlong
willittaketheaccountbalanceto
growto$4,800?

C.

$4,640

D.

$3,360

A.

12years

B.

6years

C.

5years

D.

8years

Question3
Mariellaput$3,500intoan
investmentyielding4.5%annual
interest.Sheleftthemoneyinfor8
years.Howmuchinterestdoessheget
inthose8years?
A.

$1,260

B.

$4,760

C.

$2,240

D.

$1,860

Question8
Principal(p)=1500,Rate(r)=7%,
Time(t)=8years.Calculatethe
Interest.
A.

$840

B.

$1200

C.

$2,340

D.

$660

Question9
Question4

Williedeposited$1400inhisbank
Annainvested$2,500atanannual
account.After3years,theaccountis
rateof5%.Howlongwillittakeuntil worth$1,694.Findthesimpleinterest
Annaearns$1,125ininterest?
ratetheaccountearned.
A.

5years

B.

8years

A.

5%

B.

8%

C.

10years

D.

9years

C.

7.25%

D.

7%

Question5

Question10

Jerryinvested$1500inanaccount
thatpaidhim8.25%simpleinterest,
whatwillthebalanceofhisaccount
beafter6years?

Principal=360,Interest=$17.55,
Time=9months.Calculatethe
InterestRate.
A.

6%

B.

7.65%

A.

$742.50

B.

$2242.50

C.

$2150

D.

$3256.55

C.

6.5%

D.

5.5%