WorksheetsSimple Interest
Total questions: 10
Worksheet time: 48mins
Name
Class
Date
1.
Find the interest:
$26,500 at 12% for 7 years
$26,500 at 12% for 7 years
a)
$22,260
b)
$2,226,000
c)
$2,252,500
d)
$48,760
2.
Find the interest:
$1,350 at 4% for 3 years
$1,350 at 4% for 3 years
a)
$1,512
b)
$16,200
c)
$17,550
d)
$162
3.
Find the ending balance:
$35,600 at 9% for 2 years
$35,600 at 9% for 2 years
a)
$42,296.39
b)
$42,002.27
c)
$42,008.00
d)
$38,804.00
4.
Principal = $800
Interest Rate = 3.5%
Time = 2 years
Find the interest earned.
Interest Rate = 3.5%
Time = 2 years
Find the interest earned.
a)
56
b)
140
c)
168
d)
16.80
5.
Ryan is trying to determine how much interest he will earn by placing money into the bank. If he has $10,400 with a 1.5% rate over 2 21 years.
a)
$390
b)
$10,790
c)
$39,000
d)
$4,680
6.
Ann puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?
a)
4
b)
8
c)
12
d)
16
7.
Sofia deposited $1,700 into a savings account that accumulates 1.8% interest. If she keeps the money in the account for 7 years, how much money will be in the account?
a)
$214.20
b)
$1,914.20
c)
$21,420.00
d)
$23,120.00
8.
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
a)
$150
b)
$192
c)
$1350
d)
$1392
9.
Ben borrows $18,500 at 5.2% simple interest per year. When he pays back the loan after 6 years, what is the total amount he will end up paying?
a)
$4,810
b)
$48,100
c)
$24,272
d)
$69,264
10.
Sarah has $45,000 in student loans. if there is a 6% interest rate, how much will she pay back in total over 10 years?
a)
$27,000
b)
$72,000
c)
$270,000
d)
$315,000
100 %
