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 Question 1 Ryan deposited \$2,000 in a saving account at the interest rate of 4% per year. How much simple interest will he earn in 5 years? A. \$800 B. \$1,000 C. \$450 D. \$400
 Question 2 Garcia borrowed \$4,000 from his cousin Susan at the rate of 8% per annum. He repaid the amount after two years. How much did he repay? A. \$640 B. \$6,640 C. \$4,640 D. \$3,360
 Question 3 Tracy put \$3,500 into an investment yielding 4.5% annual interest. She left the money in for 8 years. How much interest does she get in those 8 years? A. \$1,260 B. \$4,760 C. \$2,240 D. \$1,860
 Question 4 Anna invested \$2,500 at an annual rate of 5%. How long will it take until Anna earns \$1,125 in interest? A. 5 years B. 8 years C. 10 years D. 9 years
 Question 5 Jerry invested \$1500 in an account that paid him 8.25% simple interest, what will the balance of his account be after 6 years? A. \$742.50 B. \$2242.50 C. \$2150 D. \$3256.55
 Question 6 Mr. Peterson wrote a check of \$7,820 to pay off a loan, which was given to him at a rate of 5% simple interest for 3 years. How much money did he borrow originally? A. \$5,400 B. \$6,800 C. \$3,240 D. \$14,620
 Question 7 If \$3,840 is invested in an account at 5% annual simple interest, how long will it take the account balance to grow to \$4,800? A. 12 years B. 6 years C. 5 years D. 8 years
 Question 8 Principal (p) = 1500, Rate (r) = 7%, Time (t) = 8 years. Calculate the Interest. A. \$840 B. \$1200 C. \$2,340 D. \$660
 Question 9 Jack deposited \$1400 in his bank account. After 3 years, the account is worth \$1,694. Find the simple interest rate the account earned. A. 5% B. 8% C. 7.25% D. 7%
 Question 10 Principal = 360, Interest = \$17.55, Time = 9 months. Calculate the Interest Rate. A. 6% B. 7.65% C. 6.5% D. 5.5%
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