Home / Worksheets / Grade 10 / Math / Simple Interest Worksheet

Simple Interest Worksheet

Calculate simple interest, principal, rate, and time for financial literacy problems.

Make a version for your classChange the level, length or topic and get a new worksheet with an answer key in about a minute. Free to try, no account needed.
Grade 10 Math Financial LiteracySimple Interest
Use This Worksheet

Includes

Short AnswerFill in the BlanksMultiple ChoiceTrue / False

Standards

CCSS.MATH.CONTENT.7.RP.A.3CCSS.MATH.CONTENT.HSN.Q.A.2

Topics

simple interestfinancial literacymathgrade 10
6 sections · Free to use · Printable
← More Math worksheets for Grade 10

Simple Interest Worksheet

Name:

Date:

Score:

Read each question carefully and calculate the simple interest, principal, rate, or time as required. Show all your work.

1. Calculate the simple interest on a principal of $5,000 at an annual interest rate of 4% for 3 years.

2. Sarah borrowed $1,500 at a 6% annual interest rate. If she pays it back in 2.5 years, how much simple interest will she pay?

1. If the simple interest earned is $300 on an investment for 5 years at a 3% annual rate, the principal amount was  .

2. An investment of $2,000 earned $240 in simple interest over 4 years. The annual interest rate was  .

3. To earn $1,000 in simple interest on a principal of $10,000 at a 5% annual rate, the money must be invested for   years.

1. The formula for simple interest is:

a

I = P + R + T

b

I = P * R * T

c

I = P / (R * T)

d

I = (P + R) * T

2. What does 'P' represent in the simple interest formula?

a

Profit

b

Percentage

c

Principal

d

Payment

1. Simple interest is calculated only on the initial principal amount.

T

True

F

False

Related Worksheets

Overtime Pay Calculation Worksheet

A Grade 10 math worksheet focusing on calculating overtime pay, including regular hours, overtime hours, and total earnings.

Accounting Methods Basics - Grade 10

This worksheet covers fundamental accounting methods, including definitions of key terms, identification of asset and liability accounts, and basic accounting equation applications.