Simple Interest Question Preview (ID: 60559)


Simple Interest. TEACHERS: click here for quick copy question ID numbers.

If you invest $2,556.00 in an opportunity that will pay 10% for 3 years. How much interest will you earn in that period?
a) $766.80
b) $586.80
c) $612.80
d) $741.80

If you invest $15,602.00 in an opportunity that will pay 2% for 2 years. How much interest will you earn in that period?
a) $598.08
b) $624.08
c) $675.08
d) $704.08

If you invest $780.00 in an opportunity that will pay 15% for 5 years. How much interest will you earn in that period?
a) $545.00
b) $505.00
c) $585.00
d) $495.00

An investment opportunity will pay 9% for 11 years. How much do you need to invest to earn $10,192.05 in interest?
a) $10,005.00
b) $10,126.00
c) $10,312.00
d) $10,295.00

There is $21,814.00 in an account for 24 years. At what interest rate would you earn $94,236.48 in interest?
a) 18
b) 12
c) 20
d) 22

There is $23,293.00 in an account that earns 4% annually. How long until the account has earned $6,522.04 in interest?
a) 5
b) 7
c) 6
d) 8

There is $4,261.00 in an account for 4 years. At what interest rate would you earn $2,556.60 in interest?
a) 16
b) 17
c) 15
d) 18

There is $24,519.00 in an account that earns 1% annually. How long until the account has earned $6,129.75 in interest?
a) 22
b) 23
c) 24
d) 25

An investment opportunity will pay 5% for 7 years. How much do you need to invest to earn $3,428.60 in interest?
a) $9,796.00
b) $9,646.00
c) $9,421.00
d) $9,391.00

If you invest $22,380.00 in an opportunity that will pay 4% for 10 years. How much interest will you earn in that period?
a) $9,022.00
b) $8,952.00
c) $8,536.00
d) $8,243.00

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