Simple Interest Worksheet 01 Worksheets

Simple Interest Worksheet 01()

Simple Interest Worksheet 01

Basic simple interest word problems for middle grade students. These word problems have the answers on the second page.

1. If you put money into a savings account that earns $84.00 over seven years at a rate of 3%, how much money did you put into the account?
2. How much interest is earned on a principal of $200 invested at an interest rate of 9% for eight years?
3. If an investment over eight years at a rate of $160.00 results in a final balance of $660.00, what was the original investment?
4. How much interest is earned on $300 at 6% for six years?
5. What is the interest rate if a principal of $700 earns $196.00 in interest in seven years?
6. What will the final balance be for $700 invested at 3% for three years?
7. If you borrow $500 at 5% for two years, how much will you pay back by the end of the term?
8. If you borrow $200 at 10% for seven years, how much will you pay back by the end of the term?
9. You put $700 into a savings account with an interest rate of 10% which earns $140.00 over a period of time. How long was the period of timeme?
10. If you invest $200 at an interest rate of 10%, how much money will you have after three years?

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