







Simple interest 
20140308 

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 
20120927 

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 
20111211 

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 
20101117 

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 
20080220 

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 
20071108 

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 
20070415 

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 
20020317 

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. 

