# Simple Interest Assignment

Solve – show steps and/or equations.  Include any pictures that may help.

1)  Craig borrows \$1590 at 9% simple interest per year. When Craig pays the loan back 8 years later, how much interest does Craig pay?

2)  Ian borrows \$2150 at 16% simple interest per year. When Ian pays the loan back 6 years later, how much interest does Ian pay?
3)  Jade borrows \$790 at 2.7% simple interest per month. When Jade pays the loan back 11 months later, how much interest does Jade pay?

4)  Cathy borrows \$380 at 3.1% simple interest per month. When Cathy pays the loan back 9 months later, how much interest does Cathy pay?
5)  Opal borrows \$3290 at 49% simple interest per year. When Opal pays the loan back 5 years later, what is the total amount that Opal ends up repaying?

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6)  Waldo borrows \$810 at 0.5% simple interest per month. When Waldo pays the loan back 3 years later, how much interest does Waldo pay?
7)  Tanya borrows \$3910 at 14% simple interest per year. When Tanya pays the loan back 7 years later, how much interest does Tanya pay?

8)  Jacob borrows \$1750 at 23% simple interest per year. When Jacob pays the loan back 6 years later, how much interest does Jacob pay?
9)  Nate borrows \$3530 at 1.5% interest compounded monthly. When Nate pays the loan back 11 months later, how much interest does Nate pay?

10)  Paul borrows \$3420 at 1.2% interest compounded monthly. When Paul pays the loan back 5 months later, how much interest does Paul pay?
11)  Gina borrows \$1450 at 1% interest compounded monthly. When Gina pays the loan back 3 months later, how much interest does Gina pay?

12)  Kenny borrows \$1130 at 11% interest compounded yearly. When Kenny pays the loan back 2 years later, what is the total amount that Kenny ends up repaying?
13)  Craig borrows \$3760 at 1.9% interest compounded monthly. When Craig pays the loan back 4 months later, how much interest does Craig pay?

14)  Yin borrows \$3140 at 17% interest compounded yearly. When Yin pays the loan back 4 years later, what is the total amount that Yin ends up repaying?
15)  Zach borrows \$3920 at 12% interest compounded yearly. When Zach pays the loan back 11 years later, what is the total amount that Zach ends up repaying?

16)  Opal borrows \$1840 at 1.9% interest compounded monthly. When Opal pays the loan back 9 months later, what is the total amount that Opal ends up repaying?
17)  A scarf was originally priced at \$7.11, and is marked down to \$6.12. What is the percentage decrease in price?

18)  A skirt was originally priced at \$2.81, and is marked down to \$1.75. What is the percentage decrease in price?
19)  A jacket was priced at \$4.00 last week. This week the same jacket is priced at \$8.52. What is the percentage increase in price?

20)  A skirt was priced at \$1.83 last week. This week the same skirt is priced at \$1.88. What is the percentage increase in price?
21)  A pair of jeans was priced at \$5.24 last week. This week the same pair of jeans is priced at \$7.73. What is the percentage increase in price?

22)  A necklace was priced at \$2.06 last week. This week the same necklace is priced at \$2.60. What is the percentage increase in price?
23)  A skirt was priced at \$8.97 last week. This week the same skirt is priced at \$10.83. What is the percentage increase in price?

24)  A pair of sneakers was priced at \$4.37 last week. This week the same pair of sneakers is priced at \$5.87. What is the percentage increase in price?

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