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simple interest

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8 items are filed under this topic.
Simple interest 2014-03-08
From lynn:
I need to find what the interest will be for: 5000.00 @ 16.5% annual rate, and the same for 10.8 % for 5000.00 annual rate all one question

thank you for your aid

Answered by Penny Nom.
A problem involving simple interest 2012-09-27
From Tash:
The amount of money in a single year of an investment after P dollars were initially invested is A = P + Prt, where r is the rate of simple interest. What expression describes P? How much money was initially invested if the account has $1000 one year after the initial investment and the interest rate was 5%?
Answered by Penny Nom.
Simple interest 2011-12-11
From sandeep:
Use the formula I = Prt to solve.

Damon deposits $500 into a savings account that pays simple interest at a rate of 0.65% per year. How long will it take Damon to earn $130 in interest?

Answered by Penny Nom.
Simple interest 2010-11-17
From Abeth:
At what simple interest rate will a sum of money triple itself in 5 years time?
Answered by Penny Nom.
8% simple interest for 6 years 2008-02-20
From Tiffany:
cindy puts 5,025 in a bank account that earns a simple interest rate of 8%. How much money will be in the account at the end of 6 years?
Answered by Stephen La Rocque and Penny Nom.
Simple interest 2007-11-08
From Lee:
If a bank pays 3% simple interest anually on savings, and you did not take any money out of your account, how much money would you have deposited to earn $45 in interest
Answered by Stephen La Rocque.
Calculating interest 2007-04-15
From Gerry:
Calculate the amount of interest received on 120.00 desposited in an account paying 3% simple interest for three years.
Answered by Stephen La Rocque.
Interest owing 2002-03-17
From Dean:
I am an investor. If I lend to someone on January 1, 1999, $1000 to be paid back interest at 2% per year (simple interest, ie not compounded), and on July 15, 1999, I lend the same person $1,500 more (total loan is now $2,500) but at 18%, and once again on October 15, 1999, I lend to the same person another $1,500, and the person pays me back the principle($4,000) and interest on January 1,2001: What is the total (principle plus interest) due me? The tougher question is: what was my blended rate of return on my total outlay of money? Is there a formula you can give me so that I can perform my own calculations?
Answered by Harley Weston.



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