The document provides examples of simple interest word problems and questions for students to practice calculating simple interest earned or owed on various principal amounts over different time periods with given interest rates. It includes savings accounts, loans, investments, and prompts students to work through the steps to solve simple interest problems.

1. 8-6 Simple Interest Solve problems involving simple interest

3. Concept Map—Simple Interest Simple Interest What? Why do I care? How?

6. Emilio’s father borrows $1,200 from the bank for a riding lawn mower. The interest rate is 8% per year. How much simple interest will he pay if he takes 2 years to repay the loan?

7. Emilio’s father borrows $1,200 from the bank for a riding lawn mower. The interest rate is 8% per year. How much will he have to pay back in all?

8. Cory charged a $600 TV on his credit card with an interest rate of 21%. If he has no other charges on the card, how much money will he owe after one month?

11. In 2002, a $5 bank note from 1886 was sold to a collector for $103,500. Suppose a person had deposited the $5 in a bank in 1886 with an interest rate of 4%. After 116 years, how much simple interest would have been earned on the account?

12. Marcus would like to have $2,340 altogether. If he invests his money at 5% interest, in how many yeas will he have $2,340? A bonus buck to the first person who gets it.