Simple Interest Worksheets Free and Printable
Alright, let’s break down simple interest, a fundamental concept in math that’s quite handy in understanding how money grows over time.
Imagine you have some money, let’s call it the principal. The principal is like the seed money you start with when you plant a financial seed. Now, when you put that money into a savings account or lend it to someone, you usually expect to get a little extra back over time, right? That extra bit is the interest.
Here’s where the three amigos come in: principal, rate, and time. The principal is the amount of money you start with. The rate is how much interest you earn on that money as a percentage. And time is, well, time – how long your money stays in the account or is lent out for.
So, how do we calculate simple interest? It’s as easy as pie! Literally, it’s Principal × Rate × Time (expressed as a fraction of a year). Here’s the formula:
Simple Interest = Principal × Rate × Time
Let’s say you have $100 (that’s your principal), and you’re getting an annual interest rate of 5%. If you leave that money for one year, the simple interest would be:
Simple Interest = $100 × 5% × 1 = $5
That means you’d earn $5 in interest for leaving your $100 untouched for a year. But let’s say you leave it for two years:
Simple Interest = $100 × 5% × 2 = $10
See how it doubled? That’s because time is a multiplier here. The longer you leave your money, the more interest you earn.
And voila! You’ve just unlocked the secret to calculating simple interest. It’s a neat little tool that helps you understand how your money can grow over time, simply by sitting in an account or being lent out.
These Simple Interest Worksheets are printable. Students use simple annual interest to solve word problems. Each worksheet has 10 simple interest word problems. Students calculate interest based on principal, rate, and time. Each worksheet comes with a printable answer page. Teachers, parents, and students can print these out and make copies.
Please support Rudolph Academy by making a one-time donation of $3 – $36. Thanks!
Simple Interest A
Simple Interest A Answers
Simple Interest B
Simple Interest B Answers
Simple Interest C
Simple Interest C Answers
Simple Interest D
Simple Interest D Answers
Simple Interest E
Simple Interest E Answers
Simple Interest F
Simple Interest F Answers
Simple Interest G
Simple Interest G Answers
Simple Interest H
Simple Interest H Answers
Simple Interest I
Simple Interest I Answers
Simple Interest J
Simple Interest J Answers
Go to Business Math Terms Crosswords
Go to Compound Interest
Go to Shopping Math
Go to Wages
Go to Money In Words
Go to Adding US Coins
Go to Math Word Searches
Go to Sudoku Puzzles
Go to more Math PDFs
Minute Subtraction PDFs Minute Addition PDFs
Minute Multiplication PDFs Minute Division PDFs
Math Vocabulary Crossword Puzzles – FREE
2nd Grade – 3rd Grade – 4th Grade – 5th Grade – 6th Grade – 7th Grade – 8th Grade
CogAT (Cognitive Abilities Test) – Aptitude test often given as an entrance exam into schools’ gifted programs.
CogAT Gifted Test Overview and FREE Sample Questions
CogAT Gifted Test Flash Cards
The SCAT (School and College Ability Test)
SCAT Gifted Test Overview and FREE Sample Questions
SCAT Gifted Test Flash Cards
MindPrint Cognitive Assessment (Ages 8 to 18) – Discover a Student’s Strengths. Learn more.
Get a Test Overview and 100 FREE Practice Questions for the following GATE Tests!
AABL® Bracken School Readiness Assessment™ (BSRA™) CCAT™ CogAT®
California Gifted and Talented Education (GATE) CTY (Center for Talented Youth) Program
Chicago Area Gifted Programs CTP®-ERB Fairfax County AAP
Gifted and Talented Test Houston Vanguard Test InView™ ISEE® NNAT®
HCHS (Hunter College High School®) OLSAT® Ravens Progressive Matrices™
Iowa Assessments® (ITBS®) KABC™-II KBIT™-2 MAP® SCAT®
Los Angeles Unified School District GATE Program RIAS™ SAGES-2™
New York State (NYS) Assessments NYC Gifted Test Renaissance STAR®
SHSAT STB® Stanford Binet®-V Thinking and Engagement Assessment
TerraNova® STAAR Test Torrance® (TTCT®) WASI™ Woodcock-Johnson®
Wechsler Individual Achievement Test® (WIAT) WISC® WPPSI™
Discover more from Academic Worksheets - FREE PDFs
Subscribe to get the latest posts to your email.