Simple Interest Worksheet 13Worksheets

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 Simple Interest Worksheet 13 ()
 Solve the Simple Interest Problems: 1. If you borrow \$113 for two years at an interest rate of 4%, how much interest will you pay? 2. How much principal must be invested to earn \$278.88 in seven years at an interest rate of 8%? 3. If the balance at the end of three years on an investment of \$386 that has been invested at a rate of 5% is \$443.90, how much was the interest? 4. The cost of a loan for \$811 over eight years is \$519.04. What was the rate on the loan? 5. If you borrow \$262 for one year at an interest rate of 8%, how much interest will you pay? 6. How much interest is earned on \$872 at 6% for three years? 7. If an investment over five years at a rate of \$202.95 results in a final balance of \$653.95, what was the original investment? 8. How long must \$140 be invested at a rate of 7% to earn \$49.00 in interest? 9. If the balance at the end of two years on an investment of \$859 that has been invested at a rate of 7% is \$979.26, how much was the interest? 10. If you received \$102.42 on \$569 invested at a rate of 6%, for how long did you invest the principal?

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