Name : Simple Interest L1S1 A) Find the simple interest (I) and amount (A). 1) Principal = S 13,700 2) Principal = S 9,800 Time = 2 years Time = 6 years Interest Rate = 5% per annum Interest Rate = 8% per annum I= I= A= A= 3) Principal = S 5,425 4) Principal = S 400 Time = 5 years Time = 10 years Interest Rate = 13% per annum Interest Rate = 2% per annum I= I= A= A= B) Find the total amount payable on S 700 at the end of 4 years a) if it is calculated at 11% simple interest per year. b) if it is calculated at 4% simple interest per year. Printable Worksheets @ www.mathworksheets4kids.com Answer Key Name : L1S1 Simple Interest A) Find the simple interest (I) and amount (A). 1) Principal = S 13,700 2) Principal = S 9,800 Time = 2 years Time = 6 years Interest Rate = 5% per annum Interest Rate = 8% per annum I= S 1,370 I= S 4,704 A= S 15,070 A= S 14,504 3) Principal = S 5,425 4) Principal = S 400 Time = 5 years Time = 10 years Interest Rate = 13% per annum Interest Rate = 2% per annum I= S 3,526.25 I= S 80 A= S 8,951.25 A= S 480 B) Find the total amount payable on S 700 at the end of 4 years a) if it is calculated at 11% simple interest per year. S 1,008 b) if it is calculated at 4% simple interest per year. S 812 Printable Worksheets @ www.mathworksheets4kids.com
