Form 4: Simple Interest - Finding Interest Rate Exercise

Form 4: Simple Interest - Finding Interest Rate

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Form 4: Simple Interest - Finding Interest Rate

Calculate the unknown interest rate using given values for simple interest, principal, and time. Practice rearranging and applying the simple interest formula.

Questions

  1. MultiChoice

    Principal is $200, time is 2 years, simple interest earned is $20. Find interest rate.

  2. MultiChoice

    Principal is $500, time is 3 years, simple interest earned is $60. Find annual interest rate.

  3. MultiChoice

    What annual interest rate produces $36 interest on $300 in 2 years?

  4. MultiChoice

    Calculate annual interest rate if $1,000 earns $150 interest in 5 years.

  5. MultiChoice

    Find rate if $250 earns $40 simple interest in 2 years.

  6. MultiChoice

    Determine interest rate when $800 earns $120 simple interest in 3 years.

  7. MultiChoice

    Find interest rate if $400 earns $16 interest in 2 years.

  8. MultiChoice

    What is annual interest rate if $600 earns $120 interest in 2 years?

  9. MultiChoice

    Calculate rate if $500 earns $70 simple interest in 2 years.

  10. MultiChoice

    If $700 generates $84 in 3 years, find annual interest rate.

  11. MultiChoice

    Find interest rate if $900 earns $135 simple interest in 3 years.

  12. MultiChoice

    Determine rate when $1,200 earns $60 in 2 years.