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Simple Interest

The document provides a 10 question simple interest assessment calculating the interest earned on various principal amounts invested at different rates for varying lengths of time. It asks the student to calculate simple interest, final amounts, and provides the solutions. The questions cover a range of amounts from £100 to £34,000 invested from 2 to 5 years at interest rates between 5.3% and 10%.

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36 views

Simple Interest

The document provides a 10 question simple interest assessment calculating the interest earned on various principal amounts invested at different rates for varying lengths of time. It asks the student to calculate simple interest, final amounts, and provides the solutions. The questions cover a range of amounts from £100 to £34,000 invested from 2 to 5 years at interest rates between 5.3% and 10%.

Uploaded by

Sultry Papi
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Simple Interest

Name: Class: Date:

Mark / 10 %

1) Find the simple interest when £500 is invested at 6% for 3 years [1]

2) Find the simple interest when £200 is invested at 7% for 4 years [1]

3) Find the simple interest when £100 is invested at 9% for 4 years [1]

4) Find the simple interest when £600 is invested at 9% for 4 years [1]

5) Find the final amount when £9500 is invested at 10% simple interest for 5 years [1]

6) Find the final amount when £11500 is invested at 9% simple interest for 3 years [1]

7) Find the final amount when £3500 is invested at 9% simple interest for 2 years [1]

8) Find the final amount when £28500 is invested at 9% simple interest for 2 years [1]

9) Find the final amount when £34000 is invested at 7.8% simple interest (p.a.) for 16 months [1]

10) Find the final amount when £9000 is invested at 5.3% simple interest (p.a.) for 17 months [1]

Copyright Mathster.com 2014. Licensed by Your School with permission to redistribute


Solutions for the assessment Simple Interest

1) £90 2) £56

3) £36 4) £216

5) £14250 6) £14605

7) £4130 8) £33630

9) £37,536.00 10) £9,675.75

Copyright Mathster.com 2014. Licensed by Your School with permission to redistribute

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