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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?
Ally went to buy a car for 1500. He borrowed that money from the bank and owes them a 5% interest, every 5 ...
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
Find the total amount owed after 6 months on a loan of $900 at an annual simple intrest rate of 8...
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...
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?"
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...
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