Simple Interest Questions Part 2

Dwayne

1)      Find the principal that will earn $386 in 7 years at 8% simple interest

 

2)      Find the principal that will earn $600 simple interest in 9 years at 4% per annum

 

3)      Mr. Johnsonb took a loan from a bank at 14.5% per annum for 6 months and repaid $480.25 simple interest. Find the amount of money Mr. Johnsonb borrowed from the bank.

 

 

4)      Mr. Mackerson took a loan from the bank at 12.5% per annum for 9 months and repaid $280 simple interest. Calculate the amount of money Mr. Mackerson borrowed from the bank.

 

5)      Calculate the rate per cent per annum if $500 interest is paid when $1600 is invested for 8 years

 

6)      The simple interest on $24 000 for 4 ½ years is $7500. Calculate the rate per cent per annum.

 

 

 

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