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Nov 1, 2021 · Simple Interest Practice Questions – Corbettmaths. Welcome. Videos and Worksheets. Primary. 5-a-day.
Jonah invests £400 in a bank account that pays 3.5% simple interest per year. At the end of each year Jonah spends — of the interest and gives the rest to his brother.
Jonah invests £400 in a bank account that pays 3.5% simple interest per year. At the end of each year Jonah spends of the interest and gives the rest to his brother.
Here we will learn about simple interest including how to calculate simple interest for increasing and decreasing values, and how to set up, solve and interpret growth and decay problems. There are also simple interest worksheets based on Edexcel, AQA and OCR exam questions, along with further guidance on where to go next if you’re still stuck.
a) Find the present value of $1000. b) Find the present value of the $30 payments. c) The fair market value of the bond = a + b. 16) Find the fair market value of the twenty-year $1,000 bond that pays $30 every six months, if the current interest rate has increased to 7.5%.
Aug 11, 2019 · Calculating simple interest is an essential skill for anyone who maintains a bank account, carries a credit card balance, or applies for a loan. The free printable worksheets in this lesson will improve your homeschool math lessons and help your students become better at calculations.
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Simple Interest. Determine the simple interest for these loans. 1) $450 at 7% for 2 years. $ ________. 2) $5,200 at 4% for 3 years. $ ________. 3) $1,300 at 5% for 6 years. $ ________. 4) $5,400 at 3.5% for 6 months. $ ________. 5) $600 at 4% for 9 months. $ _______. 6) $24,000 at 5.5% for 5 years. $ ________.
