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Simple Interest

Quiz by Joe Garreck

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18 questions
Show answers
  • Q1
    How much interest is earned on $3000 invested at 4% for 3 years?
    $360
    120s
  • Q2
    If $120 was deposited in an account with an annual interest rate of 4% for 6 weeks, how much interest was earned?
    $0.58
    120s
  • Q3
    Mo has invested $750 in a savings account which offers 3%/yr. After a period of time, he had earned $6.16 in interest. How many days was his money invested for?
    100
    120s
  • Q4
    Ashley has invested in a savings account which offers 4.25%/yr. After 23 weeks, she has earned $6.11 in interest. How much money did she invest?
    $326.74
    120s
  • Q5
    Jay has 6 months to make $200 in interest. If he has $2000 to invest, what interest rate will Jay need?
    20%
    120s
  • Q6
    If $3296 interest is earned on an investment invested at 8% for 2 years, how much money was invested?
    $20600
    120s
  • Q7
    If $517.80 interest is earned on an investment of $14 000 at 6% how many days was it invested for? Round to nearest day.
    225
    120s
  • Q8
    If $4204.80 interest is earned on an investment of $43 800 for 104 weeks. What was the rate of interest? Round to one decimal place.
    4.8%
    120s
  • Q9
    How much interest is earned on $7400 invested at 10.5% for 13 weeks?
    $194.25
    120s
  • Q10
    How much interest is earned on $1900 invested at 5.9% for 6 months?
    $56.05
    120s
  • Q11
    I= $825, t =10 years and r = 5%, Find the Principle.
    $1650
    120s
  • Q12
    P = $7,600, I= $912, t = 3 years, Find the rate (Express as a percent)
    4%
    120s
  • Q13
    John invested $900 in a GIC at a rate of 5% /yr. If he leaves the money in the account for 10 years, how much money will he have in total?
    $1350
    120s
  • Q14
    Sarahinvested $500 in a GIC at a rate of 3.5% /yr. If she leaves the money in the account for 84 months, how much money will she have in total?
    $622.50
    120s
  • Q15
    The money that is invested is called -
    Interest
    Time
    Principle
    Rate
    120s

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