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