2 300 at 7 for 9 years. A find the interest you will pay on the loan.
Algebra Finance Simple And Compound Interest Review Worksheet Quiz Solving Linear Equations Simple Interest Compound Interest
Simple and compound interest date period use simple interest to find the ending balance.
Simple interest worksheet pdf. B rearrange this formula to find. Using i prt solve the following interest problems for the interest or the balance. Teachers parents and students can print these out and make copies.
1 680 at 12 for 6 months. You go to the bank and borrow the money at 11 for 2 years. The interest rate on the loan was 8.
14 400 interest is earned on a principal of 2 000 at a simple interest rate of 5 interest per year. Each worksheet comes with a printable answer page. Simple interest worksheet 04.
Create your own worksheets like this one with infinite pre algebra. Simple interest worksheet 06. Students use simple annual interest to solve word problems.
Simple interest problems revised 2009 mlc page 2 of 2 3 you are tired at the end of the term and decide to borrow 500 to go on a trip to whatever land. Simple and compound interest. Use these word questions to continue practicing how to calculate simple interest.
151 56 if you borrow 421 for nine years at an interest rate of 4 how much interest will you pay. Simple interest worksheet 02. Simple interest worksheet 05.
1 900 at 5 9 for 2 years. Students can also use this exercise to learn about the principal rate of return the net gain or loss on an investment over a specified time and other terms commonly used in finance. 800 at 13 for 3 months.
Students calculate interest based on principal rate and time. These simple interest worksheets are printable. Each worksheet has 10 simple interest word problems.
Simple interest worksheet 03. Mitch took out a school loan for 24 000. 405 00 if you borrow 675 for six years at an interest rate of 10 how much interest will you pay.
For how many years was the principal invested. Simple interest worksheet 01. Ii the interest rate.
15 in how many years will 1 200 yield an interest of 180 at 3 simple interest. Simple interest worksheet determine the simple interest for these loans. Interest principal x rate x time i p x r x t ex.
1 34 100 at 4 for 3 years 2 210 at 8 for 7 years. Simple interest worksheet 07. Simple interest worksheet directions.
Grade 7 and 8 math worksheets with answers. 16 jim invested 4 000 in a bond at a yearly rate of 4 5. He earned 540 in interest.
2 if michael invests 2000 in the bank at a rate of 5 5 for 6 years how much interest will he make. Mitch paid off the loan in just 5. Calculate the simple interest for the word problems.
1 450 at 15 for 8 months. Simple interest worksheet 1 a the formula for simple interest is. Simple interest word problem worksheets.
900 at 12 for 7 months. Simple interest worksheet no. 4 000 at 3 for 4 years.
28 62 how much interest does a 318 investment earn at 9 over one year.
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