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Simple Interest Calculation Worksheet

This document contains a simple interest worksheet with multiple questions calculating interest rates, principal amounts, and loan durations. It asks the user to calculate simple interest and total repayment amounts for loans with given principal, interest rate, and time periods. It also asks the user to calculate annual interest rates, principal amounts, and loan durations when given some combination of interest, rate, or time period.

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ClydeLisboa
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145 views1 page

Simple Interest Calculation Worksheet

This document contains a simple interest worksheet with multiple questions calculating interest rates, principal amounts, and loan durations. It asks the user to calculate simple interest and total repayment amounts for loans with given principal, interest rate, and time periods. It also asks the user to calculate annual interest rates, principal amounts, and loan durations when given some combination of interest, rate, or time period.

Uploaded by

ClydeLisboa
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

Name ____________________________________

Simple Interest Worksheet

Find the simple interest on each loan and the total amount to be repaid.

1. $1280 at 15% for 2 years I =___________ A = ____________

2. $4250 at 12% for 3 years I =___________ A = ____________

3. $2760 at 18% for 1 year, 6 months I =___________ A = ____________

4. $7250 at 12.8% for two and one half years I =___________ A = ___________

Find the annual rate of interest (r) for each loan.

5. Principal = $4360 for 2 years, 6 months; simple interest = $1526

6. Principal = $1240 for 3 years, 6 months; simple interest = $651

7. Principal = $6520 for 3 years, 3 months; simple interest = $3390.40

Find the principal (P) for each loan.

8. Interest = $3044.70 for 4.5 years; 17% annual interest rate

9. Interest = $884 for 4 years; 8.5% annual interest rate

10. Interest = $2772 for 2 years, 9 months; 16% annual interest rate

Find the length of time (t) for each loan.

11. $3775 at 12% annual interest rate; simple interest = $226.50

12. $7850 at 6.5% annual interest rate; simple interest = $510.25

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