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Simple Interest: Math Worksheets

This document contains a math worksheet with problems on simple interest. There are 16 multiple choice problems calculating simple interest for various loan principal amounts and time periods at given interest rates. The document also provides the answers to the problems. It directs students to a website for additional math resources.

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3K views

Simple Interest: Math Worksheets

This document contains a math worksheet with problems on simple interest. There are 16 multiple choice problems calculating simple interest for various loan principal amounts and time periods at given interest rates. The document also provides the answers to the problems. It directs students to a website for additional math resources.

Uploaded by

Renart Lds
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Math Worksheets Name: ___________

Date: ___________

Simple Interest

 Determine the simple interest for these loans.


1) $450 at 7% for 2 years. $ ________ 6) $24,000 at 5.5% for 5 years. $ ________
2) $5,200 at 4% for 3 years. $ ________ 7) $15,600 at 3% for 2 years. $ _______
3) $1,300 at 5% for 6 years. $ ________ 8) $1,200 at 5.5% for 4 years. $ ________
4) $5,400 at 3.5% for 6 months. $ ________ 9) $1,600 at 4.5 % for 9 months. $ _______
5) $600 at 4% for 9 months. $ _______ 10) $12,000 at 2.2% for 5 years. $ ________

 Solve each simple interest word problem.


11) A new car, valued at $28,000, depreciates at 9% per year. What is the value of the

car one year after purchase? $_____________

12) Sara puts $4,000 into an investment yielding 5% annual simple interest; she left the

money in for five years. How much interest does Sara get at the end of those five years?

$_____________

13) A bank is offering 3.5% simple interest on a savings account. If you deposit $7,500,

how much interest will you earn in two years? $_____________

14) $400 interest is earned on a principal of $2,000 at a simple interest rate of 5%

interest per year. For how many years was the principal invested? _____

15) In how many years will $1,200 yield an interest of $180 at 3% simple interest? _____

16) Jim invested $4,000 in a bond at a yearly rate of 4.5%. He earned $540 in interest.

How long was the money invested? _____


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Math Worksheets Name: ___________
Date: ___________

Answers
Simple Interest
1) $63.00 7) $936.00 13) $525.00
2) $624.00 8) $264.00 14) 4 years
3) $390.00 9) $54 15) 5 years
4) $94.50 10) $1,320.00 16) 3 years
5) $18.00 11) $25,480.00
6) $6,600.00 12) $1,000.00

bit.ly/3nJIi3D
Find more at

… So Much More Online! Please visit: EffortlessMath.com

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