Mitch took out a school loan for 24 000. Simple interest worksheet 1 a the formula for simple interest is.
Practice Calculating Simple Interest With Free Worksheets Simple Interest Simple Interest Math Word Problem Worksheets
B rearrange this formula to find.
Simple interest worksheet pdf. He earned 540 in interest. Simple interest worksheet 02. 15 in how many years will 1 200 yield an interest of 180 at 3 simple interest.
4 000 at 3 for 4 years. Students use simple annual interest to solve word problems. Simple interest problems revised 2009 mlc page 2 of 2 3 you are tired at the end of the term and decide to borrow 500 to go on a trip to whatever land.
Simple and compound interest date period use simple interest to find the ending balance. Students can also use this exercise to learn about the principal rate of return the net gain or loss on an investment over a specified time and other terms commonly used in finance. Simple and compound interest.
Each worksheet has 10 simple interest word problems. Mitch paid off the loan in just 5. You go to the bank and borrow the money at 11 for 2 years.
2 if michael invests 2000 in the bank at a rate of 5 5 for 6 years how much interest will he make. Interest principal x rate x time i p x r x t ex. Using i prt solve the following interest problems for the interest or the balance.
405 00 if you borrow 675 for six years at an interest rate of 10 how much interest will you pay. A find the interest you will pay on the loan. 2 300 at 7 for 9 years.
Simple interest worksheet directions. 1 34 100 at 4 for 3 years 2 210 at 8 for 7 years. Simple interest worksheet 04.
For how many years was the principal invested. Teachers parents and students can print these out and make copies. 1 450 at 15 for 8 months.
151 56 if you borrow 421 for nine years at an interest rate of 4 how much interest will you pay. Simple interest worksheet 06. Students calculate interest based on principal rate and time.
Grade 7 and 8 math worksheets with answers. Calculate the simple interest for the word problems. Simple interest worksheet no.
These simple interest worksheets are printable. Simple interest worksheet 05. Simple interest worksheet 03.
16 jim invested 4 000 in a bond at a yearly rate of 4 5. Simple interest word problem worksheets. Simple interest worksheet determine the simple interest for these loans.
Create your own worksheets like this one with infinite pre algebra. Ii the interest rate. 800 at 13 for 3 months.
900 at 12 for 7 months. Each worksheet comes with a printable answer page. 14 400 interest is earned on a principal of 2 000 at a simple interest rate of 5 interest per year.
Use these word questions to continue practicing how to calculate simple interest. 28 62 how much interest does a 318 investment earn at 9 over one year. 1 680 at 12 for 6 months.
The interest rate on the loan was 8. 1 900 at 5 9 for 2 years. Simple interest worksheet 01.
Simple interest worksheet 07.
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