WorksheetsSIMPLE INTEREST
Total questions: 6
Worksheet time: 3mins
1. If you save KES 4,000 in a bank for 2 years at a simple interest rate of 5%, how much interest will you earn?
KES 200
KES 300
KES 400
KES 500
2. A loan of KES 12,000 is taken for 3 years at a simple interest rate of 8%. What is the total interest payable?
KES 960
KES 2,880
KES 3,600
KES 4,800
3. What is the total amount received after depositing KES 10,000 at 6% per year for 4 years?
KES 2,400
KES 12,000
KES 12,400
KES 16,000
4. If KES 8,000 earns KES 1,280 in interest over 2 years, what is the annual interest rate?
6%
8%
10%
12%
5. A farmer borrows KES 25,000 at 9% interest per year. How much interest will they pay after 5 years?
KES 10,000
KES 11,250
KES 12,500
KES 13,750
6. If a savings account earns 10% simple interest per year, how much interest will be earned on KES 5,000 after 3 years?
KES 1,000
KES 1,500
KES 2,000
KES 2,500
