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