Simple Interest Word Problems
Simple interest is calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.

Find the simple interest earned on a principal $1,400 at an annual interest rate of 6.5% for 3 years.
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Interest Rate: 1% each year Starting Balance: $147 Time Passed: 6 years How much interest has accrued if we are using simple interest? What is the new total balance?
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What is the interest of $3000 with the interest rate of 20% for 100 days?
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Michael put $6000 in a savings account that earns simple annual interest. At the end of one year the account had earned $ in interest. What was the annual interest rate on the account?
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Find the total amount owed after 6 months on a loan of $900 at an annual simple intrest rate of 8.5%.
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If Ben invests 4000 at 4% interest per year, how much additional money must he invest at 5.5% annual interest to ensure that the interest he receives each year is 4.5% of the total amount invested?
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Khaild invests $6750 at 8.5 per annum. How much interrest has he earned?
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Paul nagel invested some money at 3.5% simple interest and $1000 more than that amount at 5% simple interest. After i year, his total interest from the two accounts was $560. How much did he invest at each rate.
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A person has $18000 to invest. She invests part of it at 8% and part at 5%. How much is invested at each rate if the interest earned on the 8% investment is $510.50 more than the interest earned on the 5% investment in one year?
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kelly is buying a house that cost $1,400 at an annual interest rate of 6
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On May 1 Gerry opened a savings account that paid 4.5% interest at Forever Broke Savings Band with a deposit of $600. Ten days later he deposited $1000. Five days later he deposited $500. No other deposits or withdrawls wew made. Fifteen days later the bank calculated the daily interest. a. How much simple interest did he earn? b. How much was the account at the end of the 30 days?
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You invest $25,000. Part of it earns 14% and part of it earns 16% interest. What is the most you can invest earning 14% interest to earn $3500?
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an investment of 4600 is made at an annual simple rate of 6.8%. how much additional must be invested at an annual simple rate of 9% so that the total earned is 8% of the total investment
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If interest is compounded continuously at 4.5% for 7 years, how much will a $2000 investment be worth at the end of 7 years?
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Ally went to buy a car for 1500. He borrowed that money from the bank and owes them a 5% interest, every 5 yrs. how much will he pay every 5 yrs.
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Josie places $2400 in a bank account for a period of two years and six months at a simple annual interest rate of 4.7%. How much is in the account at the end of the time period?
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Terry`s investment of $2,200 in the stock market earned $528 in two years. Find the simple interest rate for this investment.
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you invest $200 into a savings account that earns 2% simple interest. How long will it take to earn $50 in interest
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jerry invested a total of $8000
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You have $50,000 to invest, and two funds that you`d like to invest in. The YouRiskIt Fund (Fund Y) yields 14% interest. The ExtraDull Fund (Fund X) yields 6% interest. Because of college financialaid implications, you don`t think you can afford to earn more than $4,500 in interest income this year. How much should you put in each fund?"
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