This worksheet introduces the concept of simple interest, a key financial maths topic. It is designed to help students practise calculating interest earned on investments and total amounts after a given period.
Section A presents a series of minimally different questions in a structured table format, where students must calculate interest and final amounts. Each problem gives a specific investment amount, interest rate, and time period.
Section B provides 4 worded questions where students will either calculate the interest earned of the total amount after the given time period.
Section C delves deeper into problem-solving, requiring students to manipulate the formula and solve more complex, real-world scenarios. For instance, students calculate interest with varying rates over different time periods, work out the total cost of financing a purchase, and compare different investment options.
This worksheet is ideal for reinforcing the principles of simple interest and developing financial literacy.
