Unit 8 Lesson 8: Exercise 2

1) Find the simple interest rate if:$675,000 invested for 2 years earns $800,000.

2) Find the simple interest rate if:$197,000 invested for 4.5 years earns $300,000.

3) Find the simple interest rate if:$780,000 invested for 7 years earns $940,000.

4) $100,000 invested for 12 years earns $10,000,000.

5) Find the simple interest rate if:550,000 invested for 3 years earns $650,000.

6)Find the simple interest rate if: $10,000 invested for 360 days earns$45,000.

7) Calculate the simple interest earned if £500 is invested at 7% p.a for 10 months.

8) Calculate the simple interest earned if £100 is invested at 4% p.a for 6 months.

9) Calculate the simple interest earned  if £4,500 is invested at 6% p.a for 12 months.

10) Calculate the simple interest earned if£50,000 is invested  at 3.7% p.a for 360 days.

11) Calculate the simple interest earned if 

£33,900 is invested at 5.3% p.a for 15 months.

12)Calculate the simple interest earned if

£800 is invested  at 4% p.a for 36 months.