Name ____________________________________

Simple Interest Worksheet

Find the simple interest on each loan and the total amount to be repaid.

1. $1280 at 15% for 2 years I =___________ A = ____________

2. $4250 at 12% for 3 years I =___________ A = ____________

3. $2760 at 18% for 1 year, 6 months I =___________ A = ____________

4. $7250 at 12.8% for two and one half years I =___________ A = ___________

Find the annual rate of interest (r) for each loan.

5. Principal = $4360 for 2 years, 6 months; simple interest = $1526

6. Principal = $1240 for 3 years, 6 months; simple interest = $651

7. Principal = $6520 for 3 years, 3 months; simple interest = $3390.40

Find the principal (P) for each loan.

8. Interest = $3044.70 for 4.5 years; 17% annual interest rate

9. Interest = $884 for 4 years; 8.5% annual interest rate

10. Interest = $2772 for 2 years, 9 months; 16% annual interest rate

Find the length of time (t) for each loan.

11. $3775 at 12% annual interest rate; simple interest = $226.50

12. $7850 at 6.5% annual interest rate; simple interest = $510.25