Simple interest

Ben puts £500 into an account that pays 3% simple interest per year. He leaves it there for 2 years.

Work out how much is in the account at the end of the 2 years.

Priya invests £850 for 4 years. The account pays 2% simple interest per year.

Work out the total interest she gets.

Rashid invests £3500 for 6 years at 1.8% simple interest per year.

Work out the total amount in his account at the end of the 6 years.

Lena invests £2000 at 4% simple interest per year. She earns a total of £320 in interest.

For how many years did she invest the money?

Joel invests some money for 3 years at 2.5% simple interest per year. He earns £90 in interest.

How much did he invest?

Hannah puts £2400 into a savings account.

The account pays 3% simple interest each year.

Work out the total amount of interest Hannah gets after 3 years.

Amir invests £4000 for 5 years in an account that pays simple interest. At the end of the 5 years he has £4600.

Work out the annual rate of simple interest.

Zainab has £5000 to invest.

Account A pays 2.4% simple interest per year for 3 years.
Account B pays 2% simple interest per year for 4 years.

Which account gives more interest, and by how much?

Mrs Okafor splits £10 000 between two accounts for 2 years. She puts £6000 in an account paying 3% simple interest per year and the rest in an account paying 2.5% simple interest per year.

Work out the total interest she earns in the 2 years.

Priya invests £1500 in a savings account for 4 years.

The account pays simple interest at a rate of R% per year.

At the end of 4 years, Priya has received a total of £180 in interest.

Work out the value of R.