Erin invests £4900 in a savings account.

The account pays simple interest at 2% per year.

Work out the total interest she earns after 6 years.

Tomas puts £5400 into a savings account.

The account pays 3% simple interest per year.

Erin puts £6400 into a deposit account.

The account pays 5% simple interest per year.

She leaves the money in for 15 months.

Calculate the interest she earns.

Reuben invests £1000 for 7 years in an account that pays simple interest.

At the end of the 7 years he has earned £245 in interest.

Work out the annual rate of simple interest.

Omar invests £1300 in an account paying 3% simple interest per year.

He leaves the money in the account until it has earned £195 in interest.

Calculate how many years the money is left in the account.

Nadia has \(£3000\) to invest.

Redwood Bank pays \(4\%\) simple interest per year. She would leave the money there for \(4\) years.

Halton Bank pays \(2\%\) simple interest per year. She would leave the money there for \(6\) years.

Zainab takes out a personal loan of £2900.

She is charged simple interest at 10% per year, for 2 years. The loan is repaid in equal instalments, one every month for the whole term.

Work out the fixed monthly repayment.

Tomas invests some money in a fixed-rate bond that pays 6% simple interest per year.

After 2 years the bond matures. In total he receives £15008 — the original amount invested, plus all the interest earned.

Find the amount he originally invested.

Isla puts money into an investment. It pays a fixed rate of simple interest every year, and she leaves the money in for 2 years.

Over that time, the total interest she earns is \(\dfrac{ 1 }{ 10 }\) of the amount she originally invested.

Calculate the annual rate of simple interest.

Sofia and Deniz share an inheritance of £10000 in the ratio \(4 : 1\) (Sofia to Deniz).

Each of them puts their own share into a savings account that pays 2% simple interest per year.