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Lesson 2.8 Skills Practice
Financial Literacy
Find the simple interest earned to the nearest cent for each principal,
interest rate, and time.
1. $500, 4%, 2 years 2. $350, 6.2%, 3 years
3. $740, 3.25%, 2 years 4. $725, 4.3%,
years
5. $955, 6.75%,
years 6. $1,540, 8.25%, 2 years
7. $3,500, 4.2%,
years 8. $568, 16%, 8 months
Find the simple interest paid to the nearest cent for each loan,
interest rate, and time.
9. $800, 9%, 4 years 10. $280, 5.5%, 4
years
11. $1,150, 7.6%, 5 years 12. $266, 5.2%, 3 years
13. $450, 22%, 1 year 14. $2,180, 7.7%,
years
15. $2,650, 3.65%,
years 16. $1,245, 5.4%, 6 months
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