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Nov 1, 2021 · The Corbettmaths Practice Questions on Simple Interest. Previous: Similar Shapes Area Volume Textbook Exercise
Jonah invests £400 in a bank account that pays 3.5% simple interest per year. At the end of each year Jonah spends — of the interest and gives the rest to his brother.
Always show your workings. Revision for this topic. 1. James invests £200 for 1 year in a bank account. The account pays simple interest at a rate of 3% per year. Work out the total amount of money in the account at the end of the year. £.............................. (2) 2.
Simple Interest. Determine the simple interest for these loans. 1) $450 at 7% for 2 years. $ ________. 2) $5,200 at 4% for 3 years. $ ________. 3) $1,300 at 5% for 6 years. $ ________. 4) $5,400 at 3.5% for 6 months. $ ________. 5) $600 at 4% for 9 months. $ _______. 6) $24,000 at 5.5% for 5 years. $ ________.
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Aug 11, 2019 · Use these word questions to continue practicing how to calculate simple interest. Students can also use this exercise to learn about the principal, rate of return (the net gain or loss on an investment over a specified time), and other terms commonly used in finance.
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Mar 10, 2019 · Simple Interest - questions & solutions. Subject: Mathematics. Age range: 14-16. Resource type: Worksheet/Activity. File previews. pdf, 3.28 MB. pdf, 253.03 KB. Some questions and worked solutions on the topic of Simple Interest. Originally mapped to WA Judging Standards.
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Simple interest is money earned on a savings account or an investment. It can also be money you pay for borrowing money. Simple Interest = Principal × Annual Interest Rate × Time ($) ($) (% per yr) (Years) I = Prt Work with a partner. You put $100 in a savings account. The account earns 6% simple interest per year.
Worksheet Definition. Learn From Thousands of Free Online Videos and Resources. Master The Fundamentals of Finance With Finance Strategists. View Our Resources Here.
