Work the interest

Exercise and reference answers

Questions

1. Answer

   7

   Question

   How many steps does the problem solving strategy have?

2. Answer

   2500

   Question

   A deposit of $12,500 earns 4% simple interest. Interest after 5 years, in dollars?

3. Answer

   660

   Question

   A loan of $3,000 was repaid over 4 years with interest of $660. Interest paid, in dollars?

Instructions

Type the number. No currency symbols.

Explanation