THESE ARE ALL DIFFERENT QUESTIONS
1) Calculate the FINAL BALANCE for an investment of $250 at 5% simple interst for 3 years.
2) How many years would it take to earn $500 interest on an investment of $1,250 at 5% simple interest?
3)How much interest would be charged on a loan of $1750 at 6.5% simple interest for 6 months? (multiple choice)
A. $682.50
B. $56.88
C.
$113.75
D.
$568.75
4) What is the principal amount of a loan if the interest amount is $630 with 6% simple interest over 3 years? (multiple choice)
A. $3500
B.
$113.40
C.
$2800
D. $3780