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Simple Interest
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Simple Interest
Problems
1. Simple interest for a principle amount of $6249$ dollars, $1$% rate of interest and for a time period of $6$ years is $=$
2. Simple interest for a principle amount of $7408$ dollars, $6$% rate of interest and for a time period of $7$ years is $=$
3. Simple interest for a principle amount of $8348$ dollars, $1$% rate of interest and for a time period of $1$ years is $=$
4. Simple interest for a principle amount of $6181$ dollars, $3$% rate of interest and for a time period of $10$ years is $=$
5. Simple interest for a principle amount of $1081$ dollars, $5$% rate of interest and for a time period of $10$ years is $=$
Solutions
1. $374.94$
2. $3111.36$
3. $83.48$
4. $1854.3$
5. $540.5$