Back to Simple Interest — Problem 4 · 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
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Practice: Applying I = Prt

Use the simple interest formula I=PrtI = Prt to find the interest.

1.

What is the total amount (principal + interest) in an account after depositing $750 at 4% per year for 5 years?