Simple Interest Worksheet 09 Worksheets

 Simple Interest Worksheet 09 ()
 1. If you borrow \$300 for five years at an interest rate of 7%, how much interest will you pay? 2. How much interest does a \$800 investment earn at 10% over seven years? 3. If you put \$800 in a savings account that pays 3% for four years what is the amount of money you will have at the end of the four years? 4. If a loan is taken out for \$300 at 7% and costs \$126.00, how long was the loan for? 5. How much interest is earned on a principal of \$800 invested at an interest rate of 10% for four years? 6. How much principal must be invested to earn \$108.00 in nine years at an interest rate of 3%? 7. If you received \$144.00 on \$600 invested at a rate of 8%, for how long did you invest the principal? 8. Your final balance on an investment of \$900 invested at 9% was \$1,224.00. For what period of 􀆟me did you invest? 9. If you take out a loan that costs \$56.00 over seven years at an interest rate of 8%, how much was the loan for? 10. If you borrow \$200 for two years at an interest rate of 4%, how much interest will you pay?

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