Unit 8 Lesson 8: Exercise 3
Read the questions carefully and solve.
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Question 1 of 101. Question
1)Janine took a loan of £42,000 and was given a rate of 2.5% for 4 years. Find the simple interest paid.
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Question 2 of 102. Question
2) Leslie lends some money worth £31,000 to her friend Amber. They both agree on the rate as 14.1% and the duration for the payment is 5 years. Find the simple interest.
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Question 3 of 103. Question
3) Roche Bank gives out loans to customers. The bank gave Mr. Richter a principal of £15,000 at a rate of 15% for 2 years. Find the simple interest.
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Question 4 of 104. Question
4) Rita gets a loan from her employer. Her employer gave her £7,500 at a rate of 6% for 1 year. Find the simple interest.
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Question 5 of 105. Question
5) Mike lends £110,000 to a friend. He gave it to him at 2.2% for a period of 4 years. Calculate the simple interest.
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Question 6 of 106. Question
6) Luka invests £10,000 in a restaurant. He agreed to be repaid in 2 years at a rate of 3%. Find the simple interest and the amount he received after the two years.
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Question 7 of 107. Question
7) Lucy borrowed £208 at 7.1% for a period of 11/2 What is the interest on the money?
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Question 8 of 108. Question
8) Ariel lends £1,500 to his cousin for 6 years at the rate of 10%. Find the simple interest.
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Question 9 of 109. Question
9) Josh saved £90,500 in a bank under the following terms: 4 years for the duration of the savings and a rate is 12.5%. Find the simple interest.
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Question 10 of 1010. Question
10) Adrian invested £1,050 which he saved for 5 years at a rate of 9.1%. What was the simple interest he earned?
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