Interactive practice questions
Calculate the simple interest earned on an investment of $\$8840$$8840 at $6%$6% p.a. for $2$2 years.
Give your answer to the nearest cent.
Easy
1min
What is the total interest to be paid on a $2$2-year $\$3000$$3000 loan at $17%$17% p.a. flat interest?
Easy
< 1min
Homer borrowed $\$7600$$7600 from a bank at a simple interest rate of $4.5%$4.5% for one year.
Easy
1min
Katrina takes out a loan to purchase a surround sound system. She makes $19$19 equal loan repayments. The total loan amount paid is $\$95000$$95000.
Medium
< 1min
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