Simple interest calculations

Simple interest worksheet
Simple interest worksheet

Whether you're saving money in a bank or borrowing for a new phone, simple interest helps you work out how much extra money is gained or owed over time. In the real world it's not quite as useful as compound interest, but it's nevertheless a skill that you need to know to make everyday money decisions. Jump to the questions

Practise now

Since it's money, round your answer to two decimal places!


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