Back to Simple Interest — Problem 2 · Task Set 1
Exercises: Simple Interest
Show your work for each problem. Round dollar amounts to the nearest cent where needed.
Grade 7·22 problems·~30 min·Common Core Math - Percents·lesson·lesson-simple-interest
Work through problems with immediate feedback
A
Practice: Applying I = Prt
Use the simple interest formula to find the interest.
1.
A student borrows $1,200 at 8% annual interest for 2 years. How much interest does the student owe?