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Test: Interest for SAT 2024 is part of SAT preparation. The Test: Interest questions and answers have been prepared
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Test: Interest - Question 1

If you borrow $10,000 for 2 years at a simple interest rate of 5%, how much interest will you pay?

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Test: Interest - Question 2

If you deposit $1,000 into a savings account that pays 4% interest compounded annually, how much will you have in the account after 3 years?

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Test: Interest - Question 3

If the principal amount is $800, the rate of interest is 6%, and the time period is 1.5 years, what will be the total interest earned if interest is simple interest?

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Test: Interest - Question 4

If the principal amount is $500, the rate of interest is 10%, and the time period is 3 years, what will be the total amount after 3 years if interest is compounded semi-annually?

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Test: Interest - Question 5

If the principal amount is $1000, the rate of interest is 5%, and the time period is 2 years, what will be the total amount after 2 years if interest is compounded annually?

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Test: Interest - Question 6

If you invest $1,000 for five years at an annual interest rate of 4%, compounded quarterly, what will be the value of your investment at the end of five years?

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Test: Interest - Question 7

What is the simple interest on a loan of $1,000 at a 5% annual interest rate after 3 years?

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Test: Interest - Question 8

If the interest on a $500 investment is $60 after 2 years, what is the annual simple interest rate?

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Test: Interest - Question 9

If you invest $5,000 in a 5-year certificate of deposit (CD) with a 3% annual interest rate compounded yearly, how much interest will you earn?

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Test: Interest - Question 10

If the interest on a $1,000 investment is $200 after 5 years, what is the annual simple interest rate?

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