Page 8 - Math Notion Workbook
P. 8
Math Notion Workbook
Simple Interest
Use simple interest to find the ending balance.
1) $1,200 at 15% for 3 years.
2) $320,000 at 2.85% for 7 years.
3) $1,500 at 2.25% for 12 years.
4) $12,500 at 6.2% for 4 years.
5) $31,000 at 1.5% for 10 months.
6) Emily puts $6,000 into an investment yielding 3.25% annual simple
interest; she left the money in for 3 years. How much interest does Sara
get at the end of those 3 years?
7) A new car, valued at $42,000, depreciates at 7.5% per year from original
price. Find the value of the car 6 years after purchase.
8) $880 interest is earned on a principal of $2,200 at a simple interest rate of
4% interest per year. For how many years was the principal invested?
