Curioustab

Home » Aptitude » Simple Interest

A bank offers 9% p.a. simple interest on an investment. At the end of 4 years the interest earned was $215. How much was invested?

597.22
345
456
378

Correct Answer: 597.22

Explanation:

I = (p x r x t)/100

← Previous Question Next Question→

More Questions from Simple Interest

An amount of $255 was invested at 8.5% p.a. How long will it take, to the nearest year, to earn $86.70 in interest?
Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the amount of interest Jaclyn will earn for each quarter
Townbank offers a term deposit account paying investors 12.5% p.a. simple interest on investments over $100 000 for 2 years or more. Peta decides to invest $150 000 in this account for 2 years. How much interest will Peta earn at the end of the investment?
An investment bond is offered to the public at 9% p.a. Louise buys a bond worth $2000 that will mature in 2 years. How much in total will Louise receive at the end of the 2 years?
A sapphire ring with a marked price of $1800 is offered to the purchaser on the following terms: $200 deposit and the balance to be paid over 24 equal monthly instalments with interest charged at 11.5% p.a. flat rate. Find the monthly repayments
If there is a total of 104 weekly instalments and a thirddeposit, find the interest charged
If there is a total of 104 weekly instalments and a third deposit, find the interest rate
If there is a total of 104 weekly instalments and a third deposit, find: the total cost of the computer
Determine the exact and ordinary simple interest on a 90-day loan of $8000 at 812 %
You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate.

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion