Grade 7 Unlimited Math Practice: Simple Interest

Nadia deposits $170 into a new savings account.

• The account earns 6% simple interest per year.
• No money is added or removed from the savings account for 5 years.

What is the total amount of money in her savings account at the end of the 5 years?

Tika deposits $150 into a new savings account.

• The account earns 6.5% simple interest per year.
• No money is added or removed from the savings account for 4 years.

What is the total amount of interest earned at the end of the 4 years?

Iris deposits $170 into a new savings account.

• The account earns 5% simple interest per year.
• No money is added or removed from the savings account for 3 years.

What is the total amount of interest earned at the end of the 3 years?

Abby deposits $100 into a new savings account.

• The account earns 5% simple interest per year.
• No money is added or removed from the savings account for 3 years.

What is the total amount of interest earned at the end of the 3 years?

Xira deposits $90 into a new savings account.

• The account earns 7% simple interest per year.
• No money is added or removed from the savings account for 5 years.

What is the total amount of money in her savings account at the end of the 5 years?