1. Simple Interest Task Questions

2. IF you Put $5000 in a savings account that pays2% annual interest, the amount of money you will have at the end of the year is?

3. The amount charged for the use of borrowed money is called?

4. In how many years will $400 yield an interest of $112 at 14% simple interest?

5. At what rate of simple interest will $5000 amount to $6650 ion 3 years, 4 months?

6. Principal = $39. 300, rate = 4. 5%, time = 6 months
Principal = $39.300, rate = 4.5%, time = 6 months. What will that total principal + interest payment be rounded to the nearest dollar?

7. Find the total amount on $5,100 after being invested for 18 years at 5% ?

8. Charles takes a loan of $15,000 on 7% interest rate
Charles takes a loan of $15,000 on 7% interest rate. He plans to pay the loan off in full after 2 years. Calculate the simple interest?

9. Find the total value of an investment of $1,030 at 4% for 5 years?

10. Find the total value of an investment of $12,700 at 8.8% for one year.

11. Teddy borrows $4,890 on 8% interest rate for 18 months
Teddy borrows $4,890 on 8% interest rate for 18 months. What will the total principal + interest payment be to the nearest dollar?

12. Chris wants to open a hamburger franchise so he borrows $94,000 from the bank at an interest rate of 7.5%. The bank requires him to pay back the interest after each year. How much must he pay per year for the interest?

13. Tony borrows $7,000 from his friend joe at a rate of 5% for 4 months
Tony borrows $7,000 from his friend joe at a rate of 5% for 4 months. What is the total that needs to be repaid after this time to the nearest dollar?

14. The amount of an original investment is called the?