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Simple Interest Worksheet 1

This document contains 10 word problems about calculating simple interest on various investments and loans over different periods of time at given interest rates. It provides the question, principal amount, interest rate, time period, and calculated interest amount for each problem. The questions involve computing interest for periods ranging from 1 to 9 years on amounts from $225 to $646 at interest rates from 3% to 10%.

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vajoorbi
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Download as PDF, TXT or read online on Scribd
836 views

Simple Interest Worksheet 1

This document contains 10 word problems about calculating simple interest on various investments and loans over different periods of time at given interest rates. It provides the question, principal amount, interest rate, time period, and calculated interest amount for each problem. The questions involve computing interest for periods ranging from 1 to 9 years on amounts from $225 to $646 at interest rates from 3% to 10%.

Uploaded by

vajoorbi
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Name:

Calculate the Simple Interest for the Word Problems:

1. How much interest does a $318 investment earn at 9% over one year?

2. If you borrow $675 for six years at an interest rate of 10%, how much
interest will you pay?

3. If you borrow $421 for nine years at an interest rate of 4%, how much
interest will you pay?

4. If the balance at the end of eight years on an investment of $630 that


has been invested at a rate of 9% is $1,083.60, how much was the
interest?

5. If you borrow $225 for eight years at an interest rate of 6%, how much
interest will you pay?

6. If the balance at the end of eight years on an investment of $230 that


has been invested at a rate of 3% is $285.20, how much was the
interest?

7. How much interest does a $407 investment earn at 6% over seven


years?

8. If you borrow $491 for one year at an interest rate of 3%, how much
interest will you pay?

9. How much interest is earned on a principal of $646 invested at an


interest rate of 5% for two years?

10. How much interest is earned on $470 at 4% for seven years?

http://math.about.com
Name:

Calculate the Simple Interest for the Word Problems:

1. $28.62 How much interest does a $318 investment earn at 9% over one year?

2. $405.00 If you borrow $675 for six years at an interest rate of 10%, how much
interest will you pay?

3. $151.56 If you borrow $421 for nine years at an interest rate of 4%, how much
interest will you pay?

4. $453.60 If the balance at the end of eight years on an investment of $630 that
has been invested at a rate of 9% is $1,083.60, how much was the
interest?

5. $108.00 If you borrow $225 for eight years at an interest rate of 6%, how much
interest will you pay?

6. $55.20 If the balance at the end of eight years on an investment of $230 that
has been invested at a rate of 3% is $285.20, how much was the
interest?

7. $170.94 How much interest does a $407 investment earn at 6% over seven
years?

8. $14.73 If you borrow $491 for one year at an interest rate of 3%, how much
interest will you pay?

9. $64.60 How much interest is earned on a principal of $646 invested at an


interest rate of 5% for two years?

10. $131.60 How much interest is earned on $470 at 4% for seven years?

http://math.about.com

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