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  • Exercise Simple Interest (Maths)

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    Abdifatah Muhumed
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    This document provides examples of calculating simple interest on various loan amounts over different time periods at given annual interest rates. It asks the reader to calculate: the simple interest on loans of KSH 40,000, 300,000 and 2,500,000 for 2, 3, and 4 years respectively at 5-6% annual interest; the interest on a $11,325 loan over 4 years at 8% interest; the time period for a $1,300 loan with $48.75 interest at 7.5% annual interest; and the annual interest rate for a $553 loan over 3 years with $132.72 interest.

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    physics

    Original Title

    EXERCISE SIMPLE INTEREST (MATHS)

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    This document provides examples of calculating simple interest on various loan amounts over different time periods at given annual interest rates. It asks the reader to calculate: the simple interest on loans of KSH 40,000, 300,000 and 2,500,000 for 2, 3, and 4 years respectively at 5-6% annual interest; the interest on a $11,325 loan over 4 years at 8% interest; the time period for a $1,300 loan with $48.75 interest at 7.5% annual interest; and the annual interest rate for a $553 loan over 3 years with $132.72 interest.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    20 views1 page

    Exercise Simple Interest (Maths)

    Uploaded by

    Abdifatah Muhumed
    This document provides examples of calculating simple interest on various loan amounts over different time periods at given annual interest rates. It asks the reader to calculate: the simple interest on loans of KSH 40,000, 300,000 and 2,500,000 for 2, 3, and 4 years respectively at 5-6% annual interest; the interest on a $11,325 loan over 4 years at 8% interest; the time period for a $1,300 loan with $48.75 interest at 7.5% annual interest; and the annual interest rate for a $553 loan over 3 years with $132.72 interest.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Exercise: simple interest

    1. Find the simple interest on the following:


    a) Sh 40 000 for 2years at 5% per annum.
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    b) Sh 300 000 for 4 years at 6% per annum.


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    c) Sh 2500 000 for 3 years at 5% per year.


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    2. Ahmed borrowed $11325 for 4 years at 8% at annual interest. What is the interest?
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    3. Fadumo borrowed $1300 at 7.5%annual interest. She paid $48.75 in interest. How long
    .
    did she have the loan? Use formula =
    ________________________________________________________________________
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    4. Hassan borrowed $553 for 3years. He paid $132.72 in simple interest what is the annual
    .
    rate? use formula =
    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________

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