Form 2: Simple Interest - Total Balance Exercise

Form 2: Simple Interest - Total Balance

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Form 2: Simple Interest - Total Balance

Learn to calculate the total account balance by adding simple interest to the original principal amount. Practice solving standard balance problems.

Questions

  1. MultiChoice

    Principal is $200, interest rate is 5% per year, duration is 3 years. Find the total account balance.

  2. MultiChoice

    Find the total amount after 2 years on $500 deposited at 4% simple interest per year.

  3. MultiChoice

    Calculate total balance after 5 years for $1,000 principal at 3% annual interest rate.

  4. MultiChoice

    What is the total amount owed if $300 is borrowed for 2 years at 6% simple interest per year?

  5. MultiChoice

    Principal is $800 at 2% simple interest for 4 years. What is total amount?

  6. MultiChoice

    Find total balance on $400 deposited at 4% annual interest for 2 years.

  7. MultiChoice

    Calculate total balance for $600 invested at 5% simple interest per year for 3 years.

  8. MultiChoice

    Determine total amount after 3 years on $1,500 at 4% interest per year.

  9. MultiChoice

    What is total balance on $700 after 2 years at 5% simple interest?

  10. MultiChoice

    Find total balance on $200 at 12% simple interest for 4 years.

  11. MultiChoice

    Calculate total amount on $1,000 at 2% for 4 years.

  12. MultiChoice

    What is total amount on $2,000 principal invested at 3% for 5 years?