Financial Math - Simple Interest ($I=Prt$)

  1. 1
    If you invest $800 at 6% simple interest, how much will you have after 5 years?
  2. 2
    If you invest $1500 at 5.5% simple interest, how much will you have after 84 months?

    Good test question! - (watch the time units).
  3. 3
    If the simple interest was 4.75% and you earn $1187.50 in interest after 10 years, how much principal was invested?
  4. 4
    If the simple interest was 3.25% and you earn $1424.53 after 144 months, how much principal was invested?
  5. 5
    If you earned \($\)53.75 simple interest 5 years after depositing \($\)500, What was the simple interest rate?
  6. 6
    If you earned \($\)892.50 after depositing \($\)1400 at 4.25% simple interest, how long was it invested ?

$$e=mc^2$$