WorksheetsSimple Interest
Total questions: 16
Worksheet time: 8mins
Find simple interest
$100 at 5% for 10 years
$50
$100
$200
$25
Find simple interest
$750 at 3% for 15 years
$400
$437.5
$300
$337.50
Find simple interest
$1400 at 8% for 6 years
$14
$372
$672
$27
Find simple interest
$545 at 4% for 2.5 years
$54.5
$60
$30.72
$57.5
Find simple interest
$10000 at 4.2% for 5 years
$3100
$2100
$2400
$2700
Find simple interest
$2400 at 3.5% for 5.25 years
$441
$440
$439
$400
Find simple interest
$840 at 3.5% for 9 months
$220.5
$264.6
$270
$250.5
Find simple interest
12400 at 10% for 18 months
$22300
$1860
$2000
$3186
Layla borrowed $42000 to remodel with a 4% simple interest rate to remodel her home. How much total interest will she have paid after 3 years.
$5040
$5000
$3240
$3700
Michelle borrowed $120000 to buy a home. If the simple interest rate 4.25%, how much interest will she have paid after 15 years.
$80,000
$76500
$40000
$57000
Cara put $4,000 in a college savings account with a 5% simple interest rate. How much will she have in the account altogether after 5 years.
$1000
$5000
$4000
$5700
Leslie took out a small business loan for $25000. If the simple interest rate was 3.25%, how much interest will she have paid after 10 years.
$8000
$8125
$5000
$8200
Malorie took out a loan to build a deck. The loan was for $15,000 and had a 7.5% simple interest rate. If she paid a total of $1687.50 in interest, how long did she have the loan?
Hint: $1687.5=(15000)(0.075)(x)
1.5 years
1.75 years
1.25 years
1 year
Beth took out a 6-month loan to buy furniture. If she had a 4% simple interest rate and paid a total of $28 in interest, calculate the original loan amount.
Hint: 28=(x)(0.04)(0.5)
$116.67
$500
$1400
$1200
Deanna started a savings account for her granddaughter when she was born. She put $1500 in an account with a simple interest rate of 3.25%. What will be the total amount in the account after 18 years?
Hint: Add the Interest and the Principle Investment
$1500
$877.50
$2377.50
$500
Jessica took out an $84000 loan to buy her grandmother a house. After 10 years, she had paid $31500 in interest. What was her interest rate?
37.5%
3.75%
4%
45%
