Completion
Complete each
statement.
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1.
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Find the final balance of $960 at 8.7% simple
interest after 3 years.
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2.
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You invested $160 for 3 1/2 years at an interest
rate of 9% using simple interest. What is your total value after 3 1/2 years?
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3.
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You were charged 8.8% simple interest on your
loan of $860 for a 9 year term. What total amount did you repay to borrow the money after 9
years?
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4.
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You invested $25,000 at 9% simple interest for 2
years. After 2 years, what is your $25,000 worth?
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5.
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You invested $205 at 8.9% simple interest for 2
years. What is your $205 worth after two years.
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6.
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Your mortgage of $30,000 at an interest rate of
6.3% using simple interest for 4 years. What total did you pay after 4 years?
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7.
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What is the interest earned on $350.00 invested
4 years at a 5% simple interest?
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8.
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If I put $1,500.00 into my savings account and
earned $180.00 of interest at 4% simple interest, how long was my money in the
bank?
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9.
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What would my final balance be if I put $650.00
in the bank for 60 months with a simple interest rate of 6%?
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10.
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I invested $1,000.00. What would that money grow
to in 18 months at a 5.5% interest rate?
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11.
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My final balance after 48 months was $896.00. If
I originally put $800.00 into the bank, what was the interest rate?
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12.
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How long would it take me to earn $139.50 of
interest at a 6% simple interest rate if I started with $930.00?
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