WorksheetsSimple Interest
Total questions: 10
Worksheet time: 18mins
Name
Class
Date
1.
The simple interest formula is I=Prt. What does the t represent?
a)
Principle
b)
Interest
c)
Time, in hours
d)
Time, in years
2.
Write the decimal as a percent.
0.37
0.37
a)
37%
b)
3.7%
c)
.37%
3.
Write the percent as a decimal.
4.3%
4.3%
a)
4.3
b)
.43
c)
.043
d)
4300
4.
What does the "I" in the interest formula stand for?
a)
Important
b)
Interest
c)
Internet
d)
Igloo
5.
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
6.
Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?
a)
$800
b)
$1,000
c)
$1,200
d)
$1,500
7.
Maria borrowed $3,000 at a simple interest rate of 4% per year. How much did she have to repay after 4 years?
a)
$480
b)
$3,480
c)
$4,800
d)
$7,800
8.
Change .16 to a percent.
a)
16%
b)
1.6%
c)
160%
d)
0.16%
9.
Change 32% to a decimal.
a)
32
b)
.32
c)
3.2
d)
.032
10.
Change 1.17 to a percent.
a)
117%
b)
1.17%
c)
11.7%
d)
.117%
100 %
