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