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20 questions and an answer page, sized for A4.

Simple interest

Year 8 · Money · 20 questions

Name
Date
  1. 1.
    $4000 is borrowed at 10% simple interest per year for 1 year. How much interest is paid, in dollars?
  2. 2.
    $500 is borrowed at 2% simple interest per year for 5 years. How much interest is paid, in dollars?
  3. 3.
    $2000 is borrowed at 10% simple interest per year for 2 years. How much interest is paid, in dollars?
  4. 4.
    $500 is borrowed at 6% simple interest per year for 4 years. How much interest is paid, in dollars?
  5. 5.
    $2500 is borrowed at 5% simple interest per year for 5 years. How much interest is paid, in dollars?
  6. 6.
    $10000 is borrowed at 2% simple interest per year for 2 years. How much interest is paid, in dollars?
  7. 7.
    $4000 is borrowed at 2% simple interest per year for 2 years. How much interest is paid, in dollars?
  8. 8.
    $4000 is borrowed at 4% simple interest per year for 4 years. How much interest is paid, in dollars?
  9. 9.
    $500 is borrowed at 5% simple interest per year for 5 years. How much interest is paid, in dollars?
  10. 10.
    $500 is borrowed at 8% simple interest per year for 3 years. How much interest is paid, in dollars?
  11. 11.
    $1000 is borrowed at 2% simple interest per year for 1 year. How much interest is paid, in dollars?
  12. 12.
    $1000 is borrowed at 6% simple interest per year for 1 year. How much interest is paid, in dollars?
  13. 13.
    $2000 is borrowed at 6% simple interest per year for 4 years. How much interest is paid, in dollars?
  14. 14.
    $500 is borrowed at 3% simple interest per year for 4 years. How much interest is paid, in dollars?
  15. 15.
    $500 is borrowed at 5% simple interest per year for 3 years. How much interest is paid, in dollars?
  16. 16.
    $2500 is borrowed at 3% simple interest per year for 5 years. How much interest is paid, in dollars?
  17. 17.
    $4000 is borrowed at 4% simple interest per year for 1 year. How much interest is paid, in dollars?
  18. 18.
    $2000 is borrowed at 4% simple interest per year for 5 years. How much interest is paid, in dollars?
  19. 19.
    $1000 is borrowed at 6% simple interest per year for 2 years. How much interest is paid, in dollars?
  20. 20.
    $1000 is borrowed at 4% simple interest per year for 1 year. How much interest is paid, in dollars?

Free maths worksheets and practice: rocketdigits.com/learn/simple-interest

Answers: Simple interest

  1. 400
  2. 50
  3. 400
  4. 120
  5. 625
  6. 400
  7. 160
  8. 640
  9. 125
  10. 120
  11. 20
  12. 60
  13. 480
  14. 60
  15. 75
  16. 375
  17. 160
  18. 400
  19. 120
  20. 40

Free maths worksheets and practice: rocketdigits.com/learn/simple-interest

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