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Beyonce went to the mall and saw a massage chair that she would have to take a loan out for $6500 to purchase. The bank said that she could get a simple interest rate of 8% for 5 years. What is the total amount that Beyonce will pay for the chair?
$495
$3480
9%
$125
Time, in years
$1392
$745.75
$9100
Given Principal = $500, Interest rate =5%, and Time = 5 years. What is the interest earned?
$495
$3480
9%
$125
Time, in years
$1392
$745.75
$9100
The simple interest formula is I=Prt. What does the t represent?
$495
$3480
9%
$125
Time, in years
$1392
$745.75
$9100
Maria borrowed $3,000 at a simple interest rate of 4% per year. How much did she have to repay after 4 years?
$495
$3480
9%
$125
Time, in years
$1392
$745.75
$9100
Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?
$495
$3480
9%
$125
Time, in years
$1392
$745.75
$9100
Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% in simple interest. What will be his balance after 15 years?
$495
$3480
9%
$125
Time, in years
$1392
$745.75
$9100
How much simple interest would be earned on a savings account of $4,500 at 5.5% interest per year after 24 months?
$495
$3480
9%
$125
Time, in years
$1392
$745.75
$9100
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
$495
$3480
9%
$125
Time, in years
$1392
$745.75
$9100
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