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