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This printable supports Common Core Mathematics Standard 7.RP.3.

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Percent Problems: Simple Interest (Grade 7)

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Percent Problems: Simple Interest

Find the balance on an account with $198 invested at 4% simple interest for 13 years.

102.96
112.90
300.96
312.95

Jose deposits $1,500 of his tax refund into an account that earns simple annual interest. How much interest will his account earn after 6 years at an annual interest rate of 4%?

$360
$365
$36
$380

Marsha deposited $7,500 into a savings account 2 years ago that earns simple interest. The interest rate is 3% per year. How much money did Marsha earn in interest?

$750
$900
$675
$450

Mrs. Avers deposited $3,000 in her credit union savings account. What amount of interest will she receive on her deposit if she leaves the money in the account for one year at [math]8 1/2%[/math] interest?

$250
$255
$300
$350
$400

Find the simple interest earned on $3,500 at 7.5% per year for 5 years.

$1,312.50
$13,125.00
$1,245.50
$12,455.00

Find the interest AND the total amount owed if you borrowed $400 for 2 years at an interest rate of 8%.

$64; $464
$60, $460
$640, $4600
$6.40; $46.00

John wants to have an interest income of $3,000 a year. How much must he invest for one year at 8%?

The Burnham Parents-Teachers Association invests $5,200 at 6% simple yearly interest rate paid semi-annually. How much is in the account after 1/2 year?

How much simple interest would there be after one year on a deposit of $900.00 when the rate is 8% APR?

10.

Tex invested some money in cattle ranching at a simple rate of 5.5%. He earned $1,760 in just four years. How much money did he have to invest?