Simple interest worksheet 03. Simple interest word problems displaying top 8 worksheets found for this concept.
Calculate the simple interest for the word problems.
Simple interest word problems worksheet with answers pdf. 1 in this exercise students will answer 10 word problems about calculating interest. Each worksheet comes with a printable answer page. Simple interest word problem worksheets.
Simple interest worksheet no. 12 sara puts 4 000 into an investment yielding 5 annual simple interest. Simple interest worksheet 1 a the formula for simple interest is.
Simple interest worksheet 07. Teachers parents and students can print these out and make copies. For problems that require more than one step a thorough step by step explanation is provided.
Solve each simple interest word problem. How much interest does sara get at the end of those five years. Grade 7 and 8 math worksheets with answers.
Simple interest worksheet 05. As you complete the math problems in this book you will undoubtedly want to check your answers against the answer explanation section at the end of each chap ter. She left the money in for five years.
B rearrange this formula to find. Simple interest worksheet 01. 405 00 if you borrow 675 for six years at an interest rate of 10 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. 2 if michael invests 2000 in the bank at a rate of 5 5 for 6 years how much interest will he make. Simple interest worksheet 04.
Ii the interest rate. Simple interest worksheet 02. 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. If you deposit 5000 how much interest will you earn in one year.
How much interest will she pay if she pays the entire loan off at the. The method used to solve the problem will depend on what we are trying to find. Every problem in 501 math word problems has a complete answer explanation.
11 a new car valued at 28 000 depreciates at 9 per year. Students will answer such questions as. These exercises will help homeschoolers learn how to calculate the rate of return on investments and illustrate how interest can accrue over time.
Each worksheet has 10 simple interest word problems. Simple interest worksheet 06. Solving compound interest problems to solve compound interest problems we need to take the given information at plug the information into the compound interest formula and solve for the missing variable.
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. Students calculate interest based on principal rate and time.