Simple interest problems revised 2009 mlc page 1 of 2 simple interest problems interest is money paid for the use of money. The simple addition word problems can be introduced very early in first or second grade depending on student aptitude.
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Each worksheet has 10 simple interest word problems.
Simple interest word problems worksheet pdf. 405 00 if you borrow 675 for six years at an interest rate of 10 how much interest will you pay. In this exercise students will answer 10 word problems about calculating interest. Students use simple annual interest to solve word problems.
Calculate the simple interest for the word problems. Tricks for solving word problems. Grade 7 and 8 math worksheets with answers.
11 a new car valued at 28 000 depreciates at 9 per year. Each worksheet comes with a printable answer page. Simple interest word problem worksheets.
The math worksheets on this section of the site deal with simple word problems appropriate for primary grades. Simple interest worksheet 01. To buy a car jessica borrowed 15 000 for 3 years at an annual simple interest rate of 9.
A bank is offering 2 5 simple interest on a savings account. What is the value of the car one year after purchase. How much interest does sara get at the end of those five years.
405 00 if you borrow 675 for six years at an interest rate of 10 how much interest will you pay. Simple interest word problems displaying top 8 worksheets found for this concept. Solve each simple interest word problem.
Simple interest worksheet 06. 453 60 if the balance at the end of eight years on an investment of 630 that has been invested at a rate of 9 is 1 083 60 how much was the interest. 151 56 if you borrow 421 for nine years at an interest rate of 4 how much interest will you pay.
Some of the worksheets for this concept are simple interest problems calculate the simple interest for the word problems use simple interest to find the ending calculate the simple interest for the word problems lesson plan simple and compound interest work chapter 6 simple and compound interest simple. Simple interest worksheet 04. 12 sara puts 4 000 into an investment yielding 5 annual simple interest.
If you deposit 5000 how much interest will you earn in one year. Students calculate interest based on principal rate and time. She left the money in for five years.
Simple interest worksheet 03. Teachers parents and students can print these out and make copies. 28 62 how much interest does a 318 investment earn at 9 over one year.
Simple interest worksheet 05. Simple interest worksheet 07. These simple interest worksheets are printable.
If you borrow from the bank to buy a car the bank will charge you interest for its use. How much interest will she pay if she pays the entire loan off at the. Calculate the simple interest for the word problems.
Simple interest worksheet no. If you open a savings account at the bank the bank will pay you interest for as long as the account is open. Simple interest worksheet 02.
These exercises will help homeschoolers learn how to calculate the rate of return on investments and illustrate how interest can accrue over time.
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Practice Calculating Simple Interest With Free Worksheets Simple Interest Simple Interest Math Word Problem Worksheets
