Simple Interest – TheWorksheets.CoM – Page 2

Simple Interest Problems - CNM

Simple Interest Problems Revised @ 2009 MLC page 2 of 2 3) You are tired at the end of the term and decide to borrow $500 to go on a trip to Whatever Land. You go to the bank and borrow the money at 11% for 2 years. a) Find the interest you will pay on the loan. b) How much will you have to pay the bank at the end of the two years? 4.