Year 9 Simple Interest

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The simple interest on $870 for 4 years at 15% p.a. is calculated by

1 point

$870 × 15 × 4

$870 × 0.15 × 4

$870 × 1.15 × 4

$870 × 0.15 × 4 + $870

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The simple interest on $600 at 5% for 4 years is:

1 point

$570

$630

$120

$720

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The interest on $12167 invested for 5 years at 2.5% simple interest p.a. would be nearest to:

1 point

$1220.87

$1521

$1520.88

$152.10

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Betty invests $1000 for a 3 year term. The total amount of simple interest paid on this investment is

1 point

$130

$330

$360

$390

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The simple interest on $3480 at 5.5% p.a. for 4 years is:

1 point

$7656

$191.40

$765.60

$4245.60

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Jill invests $7500 in a Financial Institution account for 18 months. I pays 5.5% p.a simple interest. How much interest does Jill earn?

1 point

$618.75

$7425

$7500

$8118.75

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The amount of simple interest earned when $2000 is invested at 3% p.a for 6 months is

1 point

$30

$60

$120

$360

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$1200 is increased by 10% for two years with simple interest. The total balance at the end of the two years is:

1 point

$252

$1452

$1440

$240

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The total amount to be repaid on a loan of $520 over 2 months at 12.4% p.a. is:

1 point

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Michelle invested $5000 for 3 years and earned $825 in interest. The annual rate of interest was:

1 point

5.5%

16.5%

33.3%

3.33%

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