Simple Interest Worksheet 20Worksheets

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 Simple Interest Worksheet 20 ()
 1. If you take out a loan that costs \$106.40 over four years at an interest rate of 4%, how much was the loan for? 2. How much interest is earned on a principal of \$371 invested at an interest rate of 7% for four years? 3. How much interest is earned on \$104 at 5% for three years? 4. How much principal must be invested to earn \$28.32 in two years at an interest rate of 3%? 5. If you borrow \$504 for seven years at an interest rate of 4%, how much interest will you pay? 6. How much interest is earned on \$655 at 9% for six years? 7. How long must \$828 be invested at a rate of 3% to earn \$99.36 in interest? 8. If you invest \$377 at an interest rate of 10%, how much money will you have after eight years? 9. You put \$420 into an investment at 3% for six years. What will the balance be at the end of six years? 10. If you put \$997 into a savings account and a􀅌er six years the balance is \$1,236.28, what was the interest rate?

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