WorksheetsSimple Interest
Total questions: 20
Worksheet time: 41mins
$3480
Marcus plans to deposit $20,000 into a savings account.
Bedford Bank offers a rate of 4% simple interest for five years. How much interest is earned?
$2460
$4000
$5204
$4094
Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays a simple interest rate of 3.8%. What will be the amount of interest earned after 15 years?
$3182.50
$270.75
$2707.50
$745.75
Emily’s parents put $1500 in her bank account for college tuition at a simple interest rate of 8.25%. What will be the interest after 18 years?
$22,275
$2,227.50
$12,375
$3727.50
The Henley’s took out a new home loan for $195,000 at a simple interest rate of 4.3%. How much will they pay in interest after 30 years?
$446,550
$2515.50
$25,155
$251,550
Twelve years ago, Claire deposited $1,800 in a savings account. It pays 2.5% simple interest. How much in interest did Claire earn in the account?
$2,340
$23,400
$540
$54
Shawn is buying a new jet ski for $12,500. His Credit Union offers 8.5% simple interest. How much interest will Shawn pay on his Jet Ski after 18 months?
$1593.75
$19,125
$159,375
$14,093.75
Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays a simple interest rate of 3.8%. What will be the amount of interest earned after 15 years?
(a)
Riley invested $1,000 in a savings account. If the account earns 6.75% simple interest, what is the balance in her account after 15 years?
$1,012.50
$10,012.50
$2,012.50
$201.25
Tony is taking out a simple-interest loan for $9,000 in order to open a skateboard shop. What will be the amount of interest if he had a rate of 2.5% for 36 months?
If a sum of money earns $ 11,178 as simple interest over a period of 9 years at the rate 6% Interest, what is the Principal?
(a)
Approximately how long will it take for a principle of $4,550 invested at a rate of 7% simple interest per year to reach 5,505.50 simple Interest.
17 Years
17.3 Years
18 Years
18.3 Years
The Simple Interest occurred on a principal of $ 6,300 over 2.5 years is $1,102.50. What was the rate of interest?
(a)
