Australia
Year 9
7.03 Interest and loans
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$$7600 from a bank at a simple interest rate of $4.5%$4.5% for one year.
Easy
1min
What is the total amount to be paid on a $4$4-year $\$90000$$90000 loan at $12%$12% p.a. flat interest?
Medium
1min
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