it is about Simple Interest Future Value
1-Logan borrowed $3,300 from his friend at 4% simple interest. He plans to repay the loan at the end of 1 month. If the principal and interest are repaid in one lump sum, how much money must he give his friend to retire the loan?
2-Jason deposited $1,500 into an account earning 3.6% simple interest. How much money will the account be worth at the end of 6 months?
3-Rasheed won $5,050 at a casino. He deposited his winnings into an account earning 4% interest. How much will the account be worth at the end of 9 months?
4-Linda deposited $1,000 into an account paying 4% simple interest. At the end of 3 months, how much money will she have?
5- Dana deposited $30,000 into an account paying 3.6% simple interest. After 6 months, how much money will she have?
6-Nicholas deposited $50,000 into an account earning 2% simple interest, how much money will be in the account at the end of 7 months?
7-Suppose $50,000 is deposited into an account that pays 4% simple interest. How much money will be in the account at the end of 6 months?
8-Oscar made $3,000 during the summer. He deposited all his summer earnings into an account earning 4% simple interest. How much money will he have in 11 months?
9-An account earns 3% simple interest. If $7,000 was deposited today, what will the account be worth at the end of 8 months?
10-Sherry deposited $1,001 into an account paying 5% simple interest, how much money will she have in the account at the end of 3 months?
it is about Simple Interest Future Value
1-Logan borrowed $3,300 from his friend at 4% simple interest. He plans to repay the loan at the end of 1 month. If the principal and interest are repaid in one lump sum, how much money must he give his friend to retire the loan?
2-Jason deposited $1,500 into an account earning 3.6% simple interest. How much money will the account be worth at the end of 6 months?
3-Rasheed won $5,050 at a casino. He deposited his winnings into an account earning 4% interest. How much will the account be worth at the end of 9 months?
4-Linda deposited $1,000 into an account paying 4% simple interest. At the end of 3 months, how much money will she have?
5- Dana deposited $30,000 into an account paying 3.6% simple interest. After 6 months, how much money will she have?
6-Nicholas deposited $50,000 into an account earning 2% simple interest, how much money will be in the account at the end of 7 months?
7-Suppose $50,000 is deposited into an account that pays 4% simple interest. How much money will be in the account at the end of 6 months?
8-Oscar made $3,000 during the summer. He deposited all his summer earnings into an account earning 4% simple interest. How much money will he have in 11 months?
9-An account earns 3% simple interest. If $7,000 was deposited today, what will the account be worth at the end of 8 months?
10-Sherry deposited $1,001 into an account paying 5% simple interest, how much money will she have in the account at the end of 3 months?
