Simple Interest Worksheet 05 Worksheets
 Simple Interest Worksheet 05 ( )
 Answers to the simple interest word problems are on the second page of the worksheet. 1. If you borrow \$600 for seven years at an interest rate of 7%, how much interest will you pay? 2. The cost of a loan for \$900 over one year is \$72.00. What was the rate on the loan? 3. If you borrow \$500 at 6% for three years, how much will you pay back by the end of the term? 4. If you borrow \$800 for six years at an interest rate of 6%, how much interest will you pay? 5. The cost of a loan for \$600 over one year is \$60.00. What was the rate on the loan? 6. If you borrow \$300 for four years at an interest rate of 10%, how much interest will you pay? 7. The ending balance on an investment is \$1,036.00. If the principal was invested at 8% for six years, what was the principal? 8. If you received \$252.00 on \$400 invested at a rate of 9%, for how long did you invest the principal? 9. If you borrow \$900 at 3% for seven years, how much will you pay back by the end of the term? 10. How much interest does a \$300 investment earn at 4% over three years?

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