Simple Interest Worksheet 27Worksheets

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 Simple Interest Worksheet 27 ()
 1. You take out a loan for \$5,716.19 at an interest rate of 3% for four years. What is the total amount that you will have at the end of the four years? 2. Your final balance on an investment of \$5,878.80 invested at 7% was \$8,759.41. For what period of time did you invest? 3. You invested \$2,037.50 and received \$2,070.10 after two years. What was the interest rate? 4. At what rate was an investment made that obtains \$9.21 on \$418.80 over two years? 5. How much interest is earned on a principal of \$74.47 invested at an interest rate of 0.9% for five years? 6. If you put money into a savings account that earns \$53.17 over seven years at a rate of 14%, how much money did you put into the account? 7. \$17.97 is earned on funds invested at a rate of 1.4% over nine years. What was the amount of the original funds? 8. If you take out a loan that costs \$409.73 over six years at an interest rate of 1.6%, how much was the loan for? 9. What will the final balance be for \$8,905.68 invested at 7% for four years? 10. The cost of a loan for \$1,849.57 over seven years is \$1,683.11. What was the rate on the loan?

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