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- 1. Multiple Choice
Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.
$160
$800
$80,000
$16
- 2. Multiple Choice
Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 24 months.
$100
$40,000
$50
$400
- 3. Multiple Choice
Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.
$135
$13,500
$270
$27,000
- 4. Multiple Choice
Find the simple interest paid on a loan of $1,500 at a rate of 19% 5 years.
$1425
$427,500
$4,275
$285
- 5. Multiple Choice
Find the simple interest paid on a loan of $4,750 at a rate of 19.5% for 36 months.
$5
$2315.63
$2,778.75
$926.25
- 6. Multiple Choice
Find the simple interest paid on a deposit of $225 at a rate of 1.5% over 2 years.
$6.75
$3.375
$2,278.13
$6,750
- 7. Multiple Choice
When Loofa was born, her parents put $8,000 into a college fund account that earned 9% simple interest. Find the amount of interest earned after 18 years.
$720
$20,960
$1,080
$12,960
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