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WorksheetsSimple interest
Total questions: 18
Worksheet time: 54mins
The Principal and Interest are always amounts of ___________.
fraction
decimal
percent
money
The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.
the amount of money borrowed or saved (invested or deposited in an account)
the percent interest for his year
the amount taxed
the amount the bank owes you for being a customer at their bank
4.3%
Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest would he owe at the end of that time?
$800
$1,000
$1,200
$1,500
Sam borrowed $4,500 for 2 years and had to pay $630 simple interest at the end of that time. What rate of interest did he pay?
6%
7%
8%
9%
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back TOTAL (principal AND interest combined) in 2 years?
$150
$192
$1350
$1392
Calculate the interest. I = PRT,
Principal = $1000,
Rate = 6%,
Time = 2 years
$100
$120
$180
1200
Interest rate =5%
Time = 5 years
What is the interest earned?
0.37
Interest rate = 2.5%
TIme = 3 years.
How much interest?
