Practice Simple Interest – Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the total amount collected at the end of the term.
Practice Simple Interest – How long will it take $3000 to earn $60 interest at 6%?
Practice Simple Interest – Townbank offers a term deposit account paying investors 12.5% p.a. simple interest on investments over $100 000 for 2 years or more. Peta decides to invest $150 000 in this account for 2 years. How much interest will Peta earn at the end of the investment?
Practice Simple Interest – What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?
Practice Simple Interest – The difference between the simple interest received from two different sources on Rs.1500 for 3 years is Rs.13.50. The difference between their rates of interest is
Practice Simple Interest – A sum of Rs.1550 was lent partly at 8% p.a. simple interest. The total interest received after 3 years was Rs.300. The ratio of the money lent at 5% to that lent at 8% is :
Practice Simple Interest – When $720 is invested for 36 months it earns $205.20 simple interest. Find the yearly interest rate.
Practice Simple Interest – A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
Practice Simple Interest – An investment bond is offered to the public at 9% p.a. Louise buys a bond worth $2000 that will mature in 2 years. How much in total will Louise receive at the end of the 2 years?
Practice Simple Interest – A certain sum of money amounts to Rs 1008 in 2 years and to Rs 1164 in 3 ½ years. Find the sum and the rate of interest.
Practice Simple Interest – You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest?
Practice Simple Interest – Jason decides to borrow money for a holiday. If a personal loan is taken over 4 years with equal quarterly repayments at 12% p.a. flat rate (simple interest), calculate the effective rate of interest.
Practice Simple Interest – In how many years will a sum of Rs.800 at 10% per annum compounded semi annually become Rs.926.10
Practice Simple Interest – What annual instalment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?
Practice Simple Interest – A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?