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NAME DATE PERIOD Lesson 6 Homework Practice Simple and Compound Interest Find the simple interest to the nearest cent. 1. 1300 at 6 for 7 years 546 2. 250 at 8 for 9 months 15 3. 725 at 3. 25 for 6 months 11. 78 4. 1900 at 5. 5 for 36 months 313. 50 5. 920 at 10. 5 for 30 months 241. 50 6. 1100 at 13 for 54 months 643. 50 7. 550 at 5. 75 for 4 years 126. 50 8. 875 at 2. 3 for 3 months 9. 22 800 at 9. 3 for 33 months 5831. 10 10. 54 600 at 4. 25 for 42 months 8121. 75 Find the total amount in each account to the nearest cent if the interest is compounded annually. 12. 580 at 11. 8 for 4 years 906. 15 13. 6550 at 6. 5 for 2 years 7429. 17 14. 2750 at 2. 75 for 3 years 15. 1900 at 9 for 2 years 2257. 39 16. 13 900 at 12. 5 for 5 years 17. 600 at 6 for 4 years 757. 49 18. 2400 at 5. 3 for 5 years 19. 64 000 at 3. 25 for 3 years 70 445 20. 312 000 at 1. 99 for 4 years 337 586. 42 2983. 17 25048. 25 3107. 09 21. Lane borrowed 1200 for a new drum set. She will be paying 6. 5 in simple interest over the next 2 years. What is the total amount of interest she will be paying on the loan 156 22. Luke puts 4800 in a savings account. He earns 16 each month for the next 60 months. Find the simple interest rate for his savings account. 4 23. Toya has a car loan of 8500. Over the course of the loan she paid a total of 5525 in interest at a rate of 13. How many months was the car loan 60 months Math Accelerated Chapter 6 Percents Copyright The McGraw-Hill Companies Inc* Permission is granted to reproduce for classroom use. 1. 1300 at 6 for 7 years 546 2. 250 at 8 for 9 months 15 3. 725 at 3. 25 for 6 months 11. 78 4. 1900 at 5. 5 for 36 months 313. 50 5. 920 at 10. 5 for 30 months 241. 50 6. 1100 at 13 for 54 months 643. 50 7. 5 for 36 months 313. 50 5. 920 at 10. 5 for 30 months 241. 50 6. 1100 at 13 for 54 months 643. 50 7. 550 at 5. 75 for 4 years 126. 50 8. 875 at 2. 3 for 3 months 9. 22 800 at 9. 3 for 33 months 5831. 10 10. 550 at 5. 75 for 4 years 126. 50 8. 875 at 2. 3 for 3 months 9. 22 800 at 9. 3 for 33 months 5831. 10 10. 54 600 at 4. 25 for 42 months 8121. 75 Find the total amount in each account to the nearest cent if the interest is compounded annually. 54 600 at 4. 25 for 42 months 8121. 75 Find the total amount in each account to the nearest cent if the interest is compounded annually. 12. 580 at 11. 8 for 4 years 906. 15 13. 6550 at 6. 5 for 2 years 7429. 17 14. 2750 at 2. 75 for 3 years 15. 12. 580 at 11. 8 for 4 years 906. 15 13. 6550 at 6. 5 for 2 years 7429. 17 14. 2750 at 2. 75 for 3 years 15. 1900 at 9 for 2 years 2257. 39 16. 13 900 at 12. 5 for 5 years 17. 600 at 6 for 4 years 757. 49 18. 1900 at 9 for 2 years 2257. 39 16. 13 900 at 12. 5 for 5 years 17. 600 at 6 for 4 years 757. 49 18. 2400 at 5. 3 for 5 years 19. 64 000 at 3. 25 for 3 years 70 445 20. 312 000 at 1. 99 for 4 years 337 586. 2400 at 5. 3 for 5 years 19. 64 000 at 3. 25 for 3 years 70 445 20. 312 000 at 1. 99 for 4 years 337 586. 42 2983. 17 25048. 25 3107. 09 21. Lane borrowed 1200 for a new drum set. She will be paying 6. 5 in simple interest over the next 2 years.

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