1. Margo borrows $300, agreeing to pay it back with 5% annual interest after 9 months. How much interest will she pay? Round your answer to the nearest cent, if necessary.

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2. Margo borrows $500, agreeing to pay it back with 2% annual interest after 7 months. How much interest will she pay? Round your answer to the nearest cent, if necessary.

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3. Find the amount of simple interest earned for depositing the given principle in an account. P= $5700 r= 5% t= 1 year Simple interest: $:

4. Monico invests $1,000 at 15% simple interest for 1 year. How much is in the account at the end of the 1 year period?

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5. If you invest $3231 in an account that pays simple interest of 1% How much interest will you have earned after 7 years?

6. Determine the Future Value (FV) of your account, after 5 years, if you invest $1218 in an account that pays simple interest of 7%.

7.If you would like to make $2108 in 6 years, how much would you have to deposit in an account that pays simple interest of 1%?

8. If you wanted to make $1464 by investing $6960 for 5 years in an account that pays simple interest, what interest rate you would need to achieve your goal?

rate(%):

9. Noah borrows $1400, agreeing to pay it back with 2% annual interest after 15 months. How much interest will he pay? $:

10: Find the future value of a simple interest loan of $23,500 at 8.8% interest for 9 months $: Give your answer to the nearest cent

11. A friend lends you $140, which you agree to repay with 6% interest. How much will you have to repay? $:

12.Find the simple interest on a loan of $32,000 at 5.4% interest for 11 months $:

13:For the simple interest loan whose terms are given below, find the future value, or the amount due at the end of the specified time.

Principal:	$4600
Interest rate:	3.4%
Time:	4 years

Future value: $

14.

15. If you want to earn 12% annual simple interest on an investment, how much should you pay for a note that will be worth $2,900.00 in 7 months. You should pay $:

15. Use the formula I=Prt

Find t when

I=$98

r= 5%

P=$490

16:What amount of money will grow to $22,800 in 1 year and 7 months at the interest rate of 5.15% p.a.? $:

17:Calculate the amount of money that will growto $9,750 in 11 months at the interest rate of 4.16% p.a.

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