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Seventh Grade: Simple Interest Word Problems
On May 1 Gerry opened a savings account
On May 1 Gerry opened a savings account that paid 4.5% interest at Forever Broke Savings Band with a deposit of $600. Ten days later he deposited $1000. Five days later he deposited $500. No other deposits or withdrawls wew made. Fifteen days later the bank calculated the daily interest.
a. How much simple interest did he earn?
an investment of 4600 is made at an annual simple rate of 6.8%. how much additional must be invested at an annual simple rate of 9% so that the total earned is 8% of the total investment
Ally went to buy a car for 1500. He borrowed that money from the bank and owes them a 5% interest, every 5 ...
A person has $18000 to invest. She invests part of it at 8% and part at 5%. How much is invested at each rate if the interest earned on the 8% investment is $510...
Find the total amount owed after 6 months on a loan of $900 at an annual simple intrest rate of 8...
Paul nagel invested some money at 3.5% simple interest and $1000 more than that amount at 5% simple interest. After i year, his total interest from the two accounts was $560...
You have $50,000 to invest, and two funds that you'd like to invest in. The You-Risk-It Fund (Fund Y) yields 14% interest. The Extra-Dull Fund (Fund X) yields 6% interest. Because of college financial-aid implications, you don't think you can afford to earn more than $4,500 in interest income this year. How much should you put in each fund?"
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