Free. Exclusive. Just for you.
Four unique services that make learning easier, faster, and smarter - only on our website.

Comprehensive math worksheet designed to help students practice calculating simple interest and ending balances across 18 different scenarios.

Simple Interest Math Worksheet with 18 problems calculating ending balance.

Simple Interest Math Worksheet with 18 problems calculating ending balance.

JPG 816×1056 76.7 KB Free · Personal Use
Quality Assured by Worksheets Library Team
Reviewed for educational accuracy and age-appropriateness
ID: #471213
Show Answer Key & Explanations Step-by-step solution for: Simple Interest worksheets
To solve these problems, we use the simple interest formula:

$$
I = P \times r \times t
$$

Where:
- $ I $ = Interest earned
- $ P $ = Principal (initial amount)
- $ r $ = Annual interest rate (as a decimal)
- $ t $ = Time in years

Then, the ending balance is:

$$
\text{Ending Balance} = P + I
$$

We'll go through each problem step by step.

---

1) $35,100 at 4% for 3 years


- $ P = 35,100 $
- $ r = 0.04 $
- $ t = 3 $

$$
I = 35,100 \times 0.04 \times 3 = 4,212
$$
$$
\text{Ending Balance} = 35,100 + 4,212 = \boxed{39,312}
$$

---

2) $150 at 5% for 2 years


- $ P = 150 $
- $ r = 0.05 $
- $ t = 2 $

$$
I = 150 \times 0.05 \times 2 = 15
$$
$$
\text{Ending Balance} = 150 + 15 = \boxed{165}
$$

---

3) $1,400 at 3% for 4 years


- $ P = 1,400 $
- $ r = 0.03 $
- $ t = 4 $

$$
I = 1,400 \times 0.03 \times 4 = 168
$$
$$
\text{Ending Balance} = 1,400 + 168 = \boxed{1,568}
$$

---

4) $450 at 9% for 8 years


- $ P = 450 $
- $ r = 0.09 $
- $ t = 8 $

$$
I = 450 \times 0.09 \times 8 = 324
$$
$$
\text{Ending Balance} = 450 + 324 = \boxed{774}
$$

---

5) $2,400 at 5% for 2 years


- $ P = 2,400 $
- $ r = 0.05 $
- $ t = 2 $

$$
I = 2,400 \times 0.05 \times 2 = 240
$$
$$
\text{Ending Balance} = 2,400 + 240 = \boxed{2,640}
$$

---

6) $600 at 4.5% for 5 months


- $ P = 600 $
- $ r = 0.045 $
- $ t = \frac{5}{12} $ years

$$
I = 600 \times 0.045 \times \frac{5}{12} = 600 \times 0.045 \times 0.4167 \approx 11.25
$$
$$
\text{Ending Balance} = 600 + 11.25 = \boxed{611.25}
$$

---

7) $15,600 at 5.5% for 6 years


- $ P = 15,600 $
- $ r = 0.055 $
- $ t = 6 $

$$
I = 15,600 \times 0.055 \times 6 = 5,148
$$
$$
\text{Ending Balance} = 15,600 + 5,148 = \boxed{20,748}
$$

---

8) $1,300 at 4% for 3 years


- $ P = 1,300 $
- $ r = 0.04 $
- $ t = 3 $

$$
I = 1,300 \times 0.04 \times 3 = 156
$$
$$
\text{Ending Balance} = 1,300 + 156 = \boxed{1,456}
$$

---

9) $750 at 5.5% for 5 years


- $ P = 750 $
- $ r = 0.055 $
- $ t = 5 $

$$
I = 750 \times 0.055 \times 5 = 206.25
$$
$$
\text{Ending Balance} = 750 + 206.25 = \boxed{956.25}
$$

---

10) $850 at 2.2% for 11 months


- $ P = 850 $
- $ r = 0.022 $
- $ t = \frac{11}{12} $

$$
I = 850 \times 0.022 \times \frac{11}{12} \approx 850 \times 0.022 \times 0.9167 \approx 17.12
$$
$$
\text{Ending Balance} = 850 + 17.12 = \boxed{867.12}
$$

---

11) $20,600 at 5.5% for 4 years


- $ P = 20,600 $
- $ r = 0.055 $
- $ t = 4 $

$$
I = 20,600 \times 0.055 \times 4 = 4,532
$$
$$
\text{Ending Balance} = 20,600 + 4,532 = \boxed{25,132}
$$

---

12) $100 at 2% for 9 months


- $ P = 100 $
- $ r = 0.02 $
- $ t = \frac{9}{12} = 0.75 $

$$
I = 100 \times 0.02 \times 0.75 = 1.50
$$
$$
\text{Ending Balance} = 100 + 1.50 = \boxed{101.50}
$$

---

13) $4,000 at 4% for 3 years


- $ P = 4,000 $
- $ r = 0.04 $
- $ t = 3 $

$$
I = 4,000 \times 0.04 \times 3 = 480
$$
$$
\text{Ending Balance} = 4,000 + 480 = \boxed{4,480}
$$

---

14) $7,400 at 2.2% for 9 months


- $ P = 7,400 $
- $ r = 0.022 $
- $ t = \frac{9}{12} = 0.75 $

$$
I = 7,400 \times 0.022 \times 0.75 = 122.10
$$
$$
\text{Ending Balance} = 7,400 + 122.10 = \boxed{7,522.10}
$$

---

15) $1,900 at 6% for 3 years


- $ P = 1,900 $
- $ r = 0.06 $
- $ t = 3 $

$$
I = 1,900 \times 0.06 \times 3 = 342
$$
$$
\text{Ending Balance} = 1,900 + 342 = \boxed{2,242}
$$

---

16) $7,300 at 5.2% for 3 months


- $ P = 7,300 $
- $ r = 0.052 $
- $ t = \frac{3}{12} = 0.25 $

$$
I = 7,300 \times 0.052 \times 0.25 = 94.90
$$
$$
\text{Ending Balance} = 7,300 + 94.90 = \boxed{7,394.90}
$$

---

17) $210 at 5.9% for 3 years


- $ P = 210 $
- $ r = 0.059 $
- $ t = 3 $

$$
I = 210 \times 0.059 \times 3 = 36.93
$$
$$
\text{Ending Balance} = 210 + 36.93 = \boxed{246.93}
$$

---

18) $35,100 at 3.6% for 3 months


- $ P = 35,100 $
- $ r = 0.036 $
- $ t = \frac{3}{12} = 0.25 $

$$
I = 35,100 \times 0.036 \times 0.25 = 315.90
$$
$$
\text{Ending Balance} = 35,100 + 315.90 = \boxed{35,415.90}
$$

---

Final Answers:



| Problem | Ending Balance |
|--------|----------------|
| 1) | $39,312.00 |
| 2) | $165.00 |
| 3) | $1,568.00 |
| 4) | $774.00 |
| 5) | $2,640.00 |
| 6) | $611.25 |
| 7) | $20,748.00 |
| 8) | $1,456.00 |
| 9) | $956.25 |
| 10) | $867.12 |
| 11) | $25,132.00 |
| 12) | $101.50 |
| 13) | $4,480.00 |
| 14) | $7,522.10 |
| 15) | $2,242.00 |
| 16) | $7,394.90 |
| 17) | $246.93 |
| 18) | $35,415.90 |

Let me know if you'd like this formatted as a printable sheet or need explanations for any specific one!
Parent Tip: Review the logic above to help your child master the concept of simple interest worksheet with answers.
Print Download

How to use

Click Print to open a print-ready version directly in your browser, or use Download to save the file to your device. The ⭐ Answer button generates an AI answer key instantly - useful for teachers who need a quick reference. Need a different version? Our AI Worksheet Generator lets you create a custom worksheet on any topic in seconds.

(view all simple interest worksheet with answers)

Simple Interest- Worksheet 1 worksheet | Live Worksheets
Simple Interest Worksheets
Compound Interest Worksheet B Answers | PDF | Compound Interest ...
Simple Interest Word Problems | Interactive Worksheet | Education.com
Simple Interest Worksheet | PDF
Compound Interest Worksheet | PDF
Simple Interest Quizzes Worksheets
Distance Learning - Simple Interest Worksheet by Sunshine Math | TPT
Simple Interest Worksheets
Calculating Interest Worksheets