I Simple Interest Applications I Solve the following simple interest problems. Round your results to the nearest cent as needed. Dana invests $12, 000 at a simple interest rate of 12% for 9 years. Determine the total amount she will receive from her investment at the end of 9 yea rs. Dana will receive a total of $[:] at the end of 9 yea rs. dollars Philip takes out a loan at a simple interest rate of 5%. If Philip borrows $15, 000 for 3 years, how much will he have to pay back in total at the end of 3 years? Philip will pay back a total of $S at the end of 3 years. dollars Simple Interest Applications The interest of a simple interest investment or loan can be computed with the formula I 2 Part. The end amount of a simple interest investment or loan can be computed with the formula A =P(1+r't). The total percentage rate or total return of a simple interest investment or loan can be computed with the formula Interest Principal q = Tt (written as a percent) or q 2 Use these formulas to evaluate the amounts indicated below. Amy invests $12, 000 at a simple interest rate of 14% for 11 years. Determine the interest she will receive from her investment at the end of 11 years. Rebecca will receive D of interest at the end of 11 years. dollars Determine the total amount she will receive from her investment at the end of 11 years. Amy will receive a total of $:] at the end of 11 years. dollars Determine the total percentage rate her interest will earn from her investment at the end of 11 years. Amy's investment will earn a total of [:]% interest relative to her initial investment at the end of 11 years. percent Simple Interest Applications Solve the problems below. Round to two decimal places as needed. Ashley invests $5, 000 at a simple interest rate of 5.4% for 7 months. Determine the interest she will receive from her investment at the end of 7 months. Ashley will receive D of interest at the end of 7 months. dollars Determine the total amount she will receive from her investment at the end of 7 months. Ashley will receive a total of $[: at the end of 7 months. dollars Determine the total percentage rate her interest will earn from her investment at the end of 7 months. Ashley's investment will earn a total of DA: interest relative to her initial investment at the end of 7 months. percent I Simple Interest Applications I Solve the problems below. Round your results to two decimal places as needed. Dakota invests $12, 219.55 at a simple interest rate of 5.83% for 4 years. Determine the interest he will receive from his investment at the end of 4 years. Dakota will receive $:] of interest at the end of 4 years. dollars Determine the total amount he will receive from his investment at the end of 4 years. Dakota will receive a total of $[:] at the end of 4 years. dollars Determine the total percentage rate his interest will earn from his investment at the end of 4 yea rs. Dakota's investment will earn a total of CPA: interest relative to his initial investment at the end of 4 years. pe rcent I Simple Interest Applications I I Solve the following simple interest problems. Round your results to the nearest cent as needed. I Emma is investing in an account that earns a simple interest rate of 14% for 5 years. She wants to have $25, 500.00 at the end of 5 years. How much should she invest now? Emma should invest $I:I now. dollars I Simple Interest Applications I I Solve the following simple interest problems. Round your results to the nearest cent as needed. I Paige is saving for college tuition. She will invest in an account that earns a simple interest rate of 3.83% for 1.5 years. She needs to have $3, 355.97 at the end of 1.5 years. How much should she invest now? Paige should invest SI: now. dollars Simple Interest Applications | The interest of a simple interest investment or loan can be computed with the formula I 2 P11. The end amount of a simple interest investment or loan can be computed with the formula A = P[1 + rt). The total percentage rate or total return of a simple interest investment or loan can be computed with the formula Interest - 100 Principal :51 = 'n'. (written as a percent) or q 2 Use these formulas to evaluate the amounts indicated below. Round your results to two decimal plaoes as needed. Jennifer invesis $5, 000 at a simple interest rate of 16%. How long will it take her investment to double? Jennifer's invatment will double in D years. years Determine the total peroentage rate her interest will earn from her investment. Jennifer's investment will earn a total of l:]% interest relative to her initial investment. percent Given the same investment, $5, 000, and simple interest rate, 16%, how long will it take for her investment to triple? Jennifer's investment will triple in S years. years Determine the total peroentage rate her interest will earn from her investment. Jennifer's investment will earn a total of |:]% interest relative to her initial investment. percent Given the same investment, $5, 000, and simple interest rate, how long will it take for her investment to earn a total percentage rate of 300 % ? Jennifer's investment earn a total percentage rate of 300 9'5: in C] years. years