Simple Interest Worksheet 11Worksheets

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 Simple Interest Worksheet 11 ()
 Solve the Simple Interest Problems: 1. If a loan is taken out for \$896 at 6% and costs \$107.52, how long was the loan for? 2. If the balance at the end of one year on an investment of \$643 that has been invested at a rate of 6% is \$681.58, how much was the interest? 3. How much principal must be invested to earn \$358.80 in eight years at an interest rate of 5%? 4. How much interest is earned on \$226 at 6% for seven years? 5. How much principal must be invested to earn \$126.00 in nine years at an interest rate of 5%? 6. What was the interest rate if your balance on an investment of \$970 at the end of three years is \$1,261.00? 7. If you borrow \$741 for five years at an interest rate of 8%, how much interest will you pay? 8. If you put \$353 into a savings account that earns 5%, how much interest will you receive at the end of six years? 9. Your final balance on an investment of \$628 invested at 10% was \$1,130.40. For what period of time did you invest? 10. How much interest is earned on \$821 at 3% for five years?

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