Sentences with SIMPLE-INTEREST

"He earned $500 in simple interest after keeping his money in the bank for three years at a rate of 2%."

"The total amount, including the principal and simple interest, was $2500 after five years."

"She invested $1000 in a savings account with an annual simple interest rate of 4%."

"To calculate simple interest, multiply the principal amount by the rate of interest and the time in years."

"The bank paid him $20 in simple interest for depositing $1000 for one year."

"After six months, he received $150 as simple interest on his fixed deposit."

"Calculating simple interest is easier compared to compound interest."

"To find the simple interest, subtract the principal amount from the total amount."

"He lent his friend $2000 and charged a simple interest rate of 6% per year."

"After three and a half years, she received $175 as simple interest on her investment."

"The company offered a simple interest rate of 8% per annum on their short-term business loans."

"He took a loan of $5000 from the bank and had to pay $1000 as simple interest over two years."

"The school invested a sum of $10,000 in bonds that yielded simple interest of $800 per year."

"The interest earned on a fixed deposit is an example of simple interest."

"For long-term investments, compound interest is generally more beneficial than simple interest."

"To find the rate of interest in simple interest, divide the interest by the principal and time."