Interactive practice questions
If $\$16716$$16716 of simple interest was earned in $7$7 years, how much interest was earned each:
a
year?
b
month?
Easy
1min
Skye takes out a loan of $\$800$$800 to pay for an online course. Flat rate interest is charged at $10%$10% p.a..
If she repays the loan in $9$9 months, how much interest does she pay in total?
Medium
< 1min
Calculate the flat rate interest generated on a loan of $\$4290$$4290 at a rate of $3%$3% p.a. for $23$23 months.
Medium
< 1min
Tara takes out a car loan of $\$6000$$6000 at a simple interest rate of $8%$8% p.a.
She plans to repay the loan over $2$2 years through regular monthly repayments.
Medium
2min
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