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WorksheetsYear 9 - Loans and Savings (calculator)
Total questions: 10
Worksheet time: 18mins
How much interest will the bank pay Tom if he deposits $200 for one year and the interest rate is 3%?
$6
$3
$ 60
$30
How much interest will the bank pay Tom if he deposits $200 for one year and the interest rate is 5%?
$5
$10
$ 20
$ 15
Layla wants to buy a washing machine for $2500. Her bank charges 12% interest on loans. How much will her washing machine cost her if she uses a loan to buy it and pays the bank after one year? (the total amount she needs to pay is asked)
$300
$2500
$2800
$2512
A Credit Union offers a 5% interest rate on deposits. What amount of simple interest will have been paid on a deposit of $400 after one year?
$5
$40
$10
$20
A Credit Union offers a 5% interest rate on deposits. What amount of simple interest will have been paid on a deposit of $400 after two years?
$40
$80
$20
$10
What rate of interest will earn $45 in simple interest on a principal of $750, invested for 2 years?
3%
4%
5%
6%
How many years would a principal of $540 earning %5 interest per year take to earn $216 in simple interest?
5
8
10
12
Find the simple interest paid on the loan of $200 for 4 years at 15% per year.
$60
$120
$90
%30
Find the simple interest paid on the loan of $3000 for 2 years at 12% per year.
$600
$720
$900
%300
Find the simple interest paid on the loan of $4500 for 3 years at 9% per year.
$450
$720
$2255
%1215
