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Practicing questions on simple interest worksheet help the children to calculate simple interest (S.I.) and amount (A). We will recapitulate the same and know more about it and practice more questions given in the worksheet on simple interest. While solving the questions on simple interest worksheet we need to remember; the formula for calculating simple interest (S.I.) = (P × R × T)100 and, formula for calculating amount (A) = P + I1. Find the simple interest and amount in each of the following:(a) P = $1800 R = 5% T = 1 year(b) P = $2600 R = 12% T = 3 years(c) P = $3125 R = 15% T = 73 days(d) P = $5660 R = 11% T = 9 months(e) P = $180 R = 3% T = 1¹₄ year Word problems on simple interest worksheet:2. What sum would yield an interest of $36 in 3 years at 3% p.a.? 3. At what rate per cent per annum will $250 amount to $330 in 4 years? 4. At what rate per cent per annum will $400 yield an interest of $78 in 1¹₂ years ? 5. In what time will $400 amount to $512 if the simple interest is the calculated at 14% p.a.? 6. A sum amount to $2400 at 15% simple interest per annum after 4 years. Find the sum. 7. Ken borrowed $2000 from Sam at 8% per annum. After 6 year he cleared the amount by giving $2600 cash and a watch. Find the cost of the watch. 8. In how many years will $400 yield an interest of $112 at 14% simple interest? 9. In how many years will $12000 yield an interest of $13230 at 10% simple interest? 10. In how many years will $600 double itself at 10% simple interest? 11. At what rate of simple interest will $5000 amount to $6050 in 3 years, 4 months? 12. At what rate of simple interest will the sum of money double itself in 6 years? 13. Find the simple interest at the rate of 5% p.a. for 3 years on that principal which in 4 years, 8 months at the rate of 5% p.a. gives $1200 as simple interest. 14. At what rate per cent per annum will $4000 yield an interest of $410 in 2 years? 15. Simple interest on a certain sum is ¹⁶₂₅ of the sum. Find the rate per cent and time if both are numerically equal. Hint: (T = R), P = x, S.I. = ¹⁶₂₅ x 16. Simple interest on a sum of money at the end of 5 years is ⁴₅ of the sum itself. Find the rate per cent p.a. Answers for simple interest worksheet are given below to check the exact answers of the given questions on S.I. Answers: 1. (a) $90, $1890 (b) $936, $3536 (c) $93.75, $3218.75 (d) $466.95, $6126.95(e) $6.75, $186.752. $400 3. 8% 4.13% 5. 2 years 6. $1500 7. $360 8. 2 years 9. 10¹₄ years10. 8¹₃ years 11. 6.3% 12. 16²₃% 13. $771.42 14. 5¹₈% 15. 8%, 8 years 16. 16% ● Simple InterestWhat is Simple Interest?Calculate Simple InterestPractice Test on Simple Interest● Simple Interest - WorksheetsSimple Interest Worksheet7th Grade Math Problems 8th Grade Math Practice From Simple Interest Worksheet to HOME PAGE Didnt find what you were looking for? Or want to know more informationabout Math Only Math.Use this Google Search to find what you need. Share this page:Whats this? Word problems and problem-solving questions help students to put the computations into authentic practice. Select questions that require a higher level thinking. Its also helpful to use questions that have more than one strategy available to solve them. Let students think about the way they solve their questions and let them draw pictures or use manipulatives to support their own thinking and logic.Try these Christmas-themed word problems for third graders to stay in the spirit of things in class:1. Ivan is putting bulbs on the Christmas tree. He has already put 74 bulbs on the tree but he has 225. How many more bulbs does he have to put on the tree?2. Amber has 36 candy canes to share among herself and 3 friends. How many candy canes will each of them get?3. Kens new advent calendar has 1 chocolate for the 1st day, 2 chocolates on the 2nd day, 3 chocolates on the 3rd day, 4 chocolates on the 4th day and so on. How many chocolates will he have eaten by the 12th day?4. It takes 90 days to save enough money to do some Christmas shopping. Estimate how many months that is.5. Your string of Christmas lights has 12 bulbs on it, but 14 of the bulbs dont work. How many bulbs do you have to buy to replace the ones that dont work?6. For your Christmas party, you have 5 mini pizzas to share with 4 friends. Youre cutting the pizzas in half, how much will each friend get? How can you make sure the leftovers get shared equally?Print the PDF: Christmas Word Problems Worksheet Word Problems on Simple Interest are solved here:1. Robert deposits $ 3000 in State Bank of India for 3 year which earn him an interest of 8%.What is the amount he gets after 1 year, 2 years and 3 years?Solution:In every $ 100, Robert gets $ 8.(Since rate is 8% → 8 for every 100)Therefore, for $ 1 he gets = $ 8100And for $ 2000 he gets = 3000 x 8100 = $ 240Simple Interest for 1 year = $ 240.Simple Interest for 2 year = $ 240 x 2 = $ 480 Simple Interest for 3 year = $ 240 x 3= $ 720Therefore, Amount after 1 year = Principal (P) + Simple Interest (SI)= 3000 + 240= $ 3240Amount after 2 years = Principal (P) + Simple Interest (SI)= 3000 + 480= $ 3480Amount after 3 years = Principal (P) + Simple Interest (SI)= 3000 + 720 = $ 3720We observe from the above example that, the Interest cannot be calculated without Principal, Rate and Time.Therefore, we can conclude that Simple Interest (S.I.) depends upon:(i) Principal (P)(ii) Rate (R)(iii) Time (T)And therefore, the formula for calculating the simple interest isSimple Interest (SI) = Principal (P) × Rate (R) × Time (T)100Amount (A) = Principal (P) + Interest (I)Principal (P) = Amount (A) – Interest (I)Interest (I) = Amount (A) – Principal (P)2. Richard deposits $ 5400 and got back an amount of $ 6000 after a year. Find the simple interest he got.Solution:Principal (P) = $ 5400,Amount (A) = $ 6000Simple Interest (SI) = Amount (A) – Principal (P)= 6000 - 5400= 600Therefore, Richard got an interest of $ 600.3. Seth invested a certain amount of money and got back an amount of $ 8400. If the bank paid an interest of $ 700, find the amount Sam invested.Solution:Amount (A) = $ 8400,Simple Interest (SI) = $ 700Principal (P) = Amount (A) – Interest (I)= 8400 - 700= 7700Therefore, Seth invested $ 7700.4. Diego deposited $ 10000 for 4 year at a rate of 6% p.a. Find the interest and amount Diego got.Solution:Principal (P) = $ 10000, Time (T) = 4 years,Rate (R) = 6% p.a.Simple Interest (SI) = Principal (P) × Rate (R) × Time (T)100= (10000 x 6 x 4)100 = $ 2400Amount (A) = Principal (P) + Interest (I)= 10000 + 2400= $ 12400The interest Diego got = $ 2400.Therefore, the amount Diego got $ 12400. ● Simple Interest.Word Problems on Simple Interest.Factors Affecting InterestIn Simple Interest when the Time is given in Months and Days.To find Principal when Time Interest and Rate are given.To find Rate when Principal Interest and Time are given .To find Time when Principal Interest and Rate are given.Worksheet on Simple Interest.Worksheet on Factors affecting Interest5th Grade Numbers Page 5th Grade Math Problems From Word Problems on Simple Interest to HOME PAGE Didnt find what you were looking for? Or want to know more informationabout Math Only Math.Use this Google Search to find what you need. Share this page:Whats this?
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