← Change Exercise
Simple interest
Compute the interest the bank pays you over the given number of years.
You deposited $500 at an annual rate of 4% for 2 years.
How much interest will the bank pay in total?
€
All difficulties
0%
Accuracy
0
Current streak
0
Total answers
0
Correct
What does this generator do?
The generator picks principal, rate and years so the interest comes out as a whole number of dollars.
How to solve it
Formula: interest = principal × rate × time ÷ 100. Multiply principal by rate by years and divide by 100.