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Simple Interest — Easy Worksheet 2
Grade 7 · MathSheets Name: ____________________ Date: __________
Find the simple interest. Use I = Prt.
How to solve
Simple interest is I = P × r × t: the principal (the amount borrowed or saved), times the yearly rate as a decimal, times the time in years. $500 at 4% for 3 years: I = 500 × 0.04 × 3 = $60. Time in months must be changed to years first: 18 months = 1.5 years.
Example
Find the simple interest on $600 at 10% per year for 1 year.
Answer: $60.00
✓ Correct!
Not quite. The answer is
💡 How to solve: Simple Interest
Simple interest is I = P × r × t: the principal (the amount borrowed or saved), times the yearly rate as a decimal, times the time in years. $500 at 4% for 3 years: I = 500 × 0.04 × 3 = $60. Time in months must be changed to years first: 18 months = 1.5 years.
Try a similar one
Find the simple interest on $300 at 4% per year for 4 years.
✓ You've got it! Press Next to keep going. Not yet — the answer is . Read the steps above once more.
✓ Correct!
Not quite. The answer is
💡 How to solve: Simple Interest
Simple interest is I = P × r × t: the principal (the amount borrowed or saved), times the yearly rate as a decimal, times the time in years. $500 at 4% for 3 years: I = 500 × 0.04 × 3 = $60. Time in months must be changed to years first: 18 months = 1.5 years.
Try a similar one
Find the simple interest on $900 at 9% per year for 5 years.
✓ You've got it! Press Next to keep going. Not yet — the answer is . Read the steps above once more.
✓ Correct!
Not quite. The answer is
💡 How to solve: Simple Interest
Simple interest is I = P × r × t: the principal (the amount borrowed or saved), times the yearly rate as a decimal, times the time in years. $500 at 4% for 3 years: I = 500 × 0.04 × 3 = $60. Time in months must be changed to years first: 18 months = 1.5 years.
Try a similar one
Find the simple interest on $400 at 7% per year for 2 years.
✓ You've got it! Press Next to keep going. Not yet — the answer is . Read the steps above once more.
✓ Correct!
Not quite. The answer is
💡 How to solve: Simple Interest
Simple interest is I = P × r × t: the principal (the amount borrowed or saved), times the yearly rate as a decimal, times the time in years. $500 at 4% for 3 years: I = 500 × 0.04 × 3 = $60. Time in months must be changed to years first: 18 months = 1.5 years.
Try a similar one
Find the simple interest on $200 at 10% per year for 2 years.
✓ You've got it! Press Next to keep going. Not yet — the answer is . Read the steps above once more.
✓ Correct!
Not quite. The answer is
💡 How to solve: Simple Interest
Simple interest is I = P × r × t: the principal (the amount borrowed or saved), times the yearly rate as a decimal, times the time in years. $500 at 4% for 3 years: I = 500 × 0.04 × 3 = $60. Time in months must be changed to years first: 18 months = 1.5 years.
Try a similar one
Find the simple interest on $1,400 at 7% per year for 5 years.
✓ You've got it! Press Next to keep going. Not yet — the answer is . Read the steps above once more.
✓ Correct!
Not quite. The answer is
💡 How to solve: Simple Interest
Simple interest is I = P × r × t: the principal (the amount borrowed or saved), times the yearly rate as a decimal, times the time in years. $500 at 4% for 3 years: I = 500 × 0.04 × 3 = $60. Time in months must be changed to years first: 18 months = 1.5 years.
Try a similar one
Find the simple interest on $1,100 at 2% per year for 2 years.
✓ You've got it! Press Next to keep going. Not yet — the answer is . Read the steps above once more.
✓ Correct!
Not quite. The answer is
💡 How to solve: Simple Interest
Simple interest is I = P × r × t: the principal (the amount borrowed or saved), times the yearly rate as a decimal, times the time in years. $500 at 4% for 3 years: I = 500 × 0.04 × 3 = $60. Time in months must be changed to years first: 18 months = 1.5 years.
Try a similar one
Find the simple interest on $500 at 3% per year for 3 years.
✓ You've got it! Press Next to keep going. Not yet — the answer is . Read the steps above once more.
✓ Correct!
Not quite. The answer is
💡 How to solve: Simple Interest
Simple interest is I = P × r × t: the principal (the amount borrowed or saved), times the yearly rate as a decimal, times the time in years. $500 at 4% for 3 years: I = 500 × 0.04 × 3 = $60. Time in months must be changed to years first: 18 months = 1.5 years.
Try a similar one
Find the simple interest on $2,000 at 10% per year for 5 years.
✓ You've got it! Press Next to keep going. Not yet — the answer is . Read the steps above once more.
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Simple Interest — Easy Worksheet 2
Find the simple interest. Use I = Prt.