Font size
WorksheetsSimple Interest
Total questions: 15
Worksheet time: 34mins
How much interest does a $318 investment earn at 9% over one year?
(a)
Ivan deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?
What is the principle? (a)
What is the rate? (b)
What is the time? (c)
Ivan deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?
Maria deposits $300 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 5 years?
I = P⋅r⋅t
= ( (a) ) x ( (b) ) x ( (c) )
Jessica borrowed $500 from a bank for 2 years and was charged simple interest. The total interest that she paid on the loan was $70. As a percentage, what was the annual interest rate of her loan?
fraction
decimal
percent
money
Interest rate =5%
Time = 5 years
What is the interest earned?
95
105
125
135
You borrowed 43,800 at a SIMPLE interest rate of 4.8%. If you pay it back in 2 years, how much interest is paid pack?
$464,280
$85,848
$4204.8
$48,004.80
$900
$100,000
$9,000
$4,179
$417.91
$133,930
$41,791
$4,264.00
$1,104.00
$1,100.00
$4,400.00
6%
6%
8%
9%
