6. Loans, Investments, & Annuities
Interactive practice questions
Calculate the simple interest earned on an investment of $\$8760$$8760 at $2%$2% p.a. for $7$7 years.
Give the answer to the nearest cent.
Easy
1min
Calculate the simple interest on a loan of $\$8000$$8000 at $8%$8% p.a. for $6$6 years.
Give the answer to the nearest dollar.
Easy
< 1min
Calculate the simple interest earned on an investment of $\$4640$$4640 at a rate of $2%$2% p.a. for $23$23 months.
Medium
1min
Beth takes out a car loan of $\$3000$$3000 at a simple interest of $8%$8% p.a.
She plans to repay the loan over $4$4 years through regular monthly repayments.
Medium
2min
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