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Simple Interest
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Simple Interest
Problems
1. Simple interest for a principle amount of $6045$ dollars, $5$% rate of interest and for a time period of $8$ years is $=$
2. Simple interest for a principle amount of $5941$ dollars, $5$% rate of interest and for a time period of $8$ years is $=$
3. Simple interest for a principle amount of $3603$ dollars, $10$% rate of interest and for a time period of $4$ years is $=$
4. Simple interest for a principle amount of $5076$ dollars, $5$% rate of interest and for a time period of $6$ years is $=$
5. Simple interest for a principle amount of $8725$ dollars, $10$% rate of interest and for a time period of $2$ years is $=$
Solutions
1. $2418.0$
2. $2376.4$
3. $1441.2$
4. $1522.8$
5. $1745.0$