1. Juan deposited $200 in a savings account earning 3% interest over 2 years. What was the total amount of interest earned after 2 years?
$12
$24
$120 ( my answer)
$240
2. Mary borrowed $11,000 at 5% interest for 4 years. What was the total interest?
$22
$220
$2200 (my answer)
$22,000
3. Suzanne deposited $2500 in a savings account earning 3.5% interest. What was the total interest earned after 6 years?
$52.50
$450
$525 (my answer)
$4500
4. Simon invested $1550 at 6.5% interest. He earned $302.25 interest after t years. What is the value of t?
1
3 (my answer)
6
9
5. Maria earned $126 in interest from her savings account. If she invested $450 for 7 years, what was the interest rate?
3.5%
4% (my answer)
4.5%
5%
5 answers