Percent Increase and Decrease Answers

Li invests money in a savings account. She wants to know the amount of simple interest that she will earn in 6 years at 3.75 percent. What additional information does she need to find this amount?

What is the simple interest that is missing from the table? Use the formula .I?p$5,630r4%t2 years

Mara found the length of time of an investment. The principal of the investment was $4,300, the interest rate was 6.2 percent, and the interest was $2,666. Mara made an error in her work.What was Mara’s error?

Bobby borrowed $500 at 12 percent simple annual interest. He paid back $680 to pay off the loan. How many years did it take Bobby to pay back the loan?

Mrs. Sing invests $12,876 for her business at an annual interest rate of 7 percent for 3 years. Which number will Mrs. Sing substitute for r in the simple interest formula?

The following information is known about a loan.Time = 8 yearsInterest rate = 14%Principal = $1,010What is the total amount of simple interest that is earned?

Constance will put $500 in a savings account. Which option should she choose so that she will have the most money?

Lamar is considering two loans. Loan ALoan BPrincipal$4,500$4,300Interest rate5%6%Time in years33Which loan will have the lowest total payback?

Hanna puts $4,383 in a savings account with an annual interest rate of 5.2 percent for 3 years. Into which variable should she substitute 4,383 in the simple interest formula ?

LaShea would like to invest her $100 in birthday money. Which option will give her the most money at the end of the investment period?