1. £500 is deposited in a bank paying 2% simple interest per annum. How much interest will have been paid after 2 years? 2. £500 is deposited in a bank paying 1% simple interest per annum. How much interest will have been paid after 5 years?
3. £1500 is deposited in a bank paying 6.25% simple interest per annum. How much interest will have been paid after 3 years?
4.£3600 is deposited in a bank paying 4% simple interest per annum. How much interest will have been paid after 4 years?
5.£4300 is deposited in a bank paying 5.75% simple interest per annum. How much interest will have been paid after 6 years?
6.£4000 is deposited in a bank paying 9.5% simple interest per annum. How much interest will have been paid after 8 years?
7.£3600 is deposited in a bank paying 14.75% simple interest per annum. How much interest will have been paid after 14 years?