Lesson 8 Homework Practice Financial Literacy Simple Interest Answers ^new^ Site

You will have $1075 at the end of the investment.

| Principal (P) | Rate (r) | Time (t) | Answer (I) | | :--- | :--- | :--- | :--- | | $1,200 | 5% (0.05) | 2 years | $120.00 | | $750 | 6% (0.06) | 4 years | $180.00 | | $2,000 | 3.5% (0.035) | 5 years | $350.00 | | $850 | 1.5% (0.015) | 6 months (0.5 yr) | $6.38 | You will have $1075 at the end of the investment

[ I = P \times r \times t ]