Worksheet

Simple Interest Word Problems

Simple Interest Word Problems

Give your seventh graders a leg up on managing their future finances with this math worksheet featuring simple interest word problems. Students will learn the simple interest formula and review an example of how to apply the formula to a real-world example. Then they will set out to find the simple interest earned given the principal, interest rate, and time elapsed across several word problems. The worksheet begins with problems that ask just for the simple interest, but progresses to problems that ask for students to find the balance of an account with the simple interest added.

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