Mathematics Grade 8 15 min

Simple interest

Simple interest

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1

Calculate the interest on $200 at 5% for 3 years.

2

Find the total amount for $500 at 4% for 2 years.

3

What principal is needed to earn $60 interest at 3% in 4 years?

Sample Practice Questions

Easy
What is the interest on $100 at 10% for 1 year?
0.$1
1.$10
2.$100
3.$110
Easy
Calculate the interest on $300 at 5% for 2 years.
0.$15
1.$30
2.$300
3.$330
Easy
Find the total amount on $1,000 at 2% for 1 year.
0.$20
1.$1002
2.$1020
3.$1200

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