Name: ______________________________________ Date: _______________

Grade and Section: ____________________________ Score: ______________

Simple Interest
A) Find the simple interest (I) and final 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.

 Answer Key

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