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Simple Interest

Interest = Principal × Rate × Time

Grade 7 · Simple Interest

Easy 20 questions Worksheet #20501 For Simple Interest

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Grade 7 · Simple Interest

Easy · 20 questions · Worksheet #20501 · Simple Interest

Name: ________________________

Date: ______________ Score: ______

  1. fill Simple interest: P = 2000, R = 5%, T = 4 years. (I = P×R×T)
    ______________________________
  2. fill Simple interest: P = 1000, R = 12%, T = 1 years. (I = P×R×T)
    ______________________________
  3. fill Simple interest: P = 1000, R = 8%, T = 1 years. (I = P×R×T)
    ______________________________
  4. fill Simple interest: P = 2000, R = 12%, T = 4 years. (I = P×R×T)
    ______________________________
  5. fill Simple interest: P = 1000, R = 12%, T = 4 years. (I = P×R×T)
    ______________________________
  6. fill Simple interest: P = 1000, R = 5%, T = 1 years. (I = P×R×T)
    ______________________________
  7. fill Simple interest: P = 500, R = 5%, T = 3 years. (I = P×R×T)
    ______________________________
  8. fill Simple interest: P = 500, R = 12%, T = 3 years. (I = P×R×T)
    ______________________________
  9. fill Simple interest: P = 2000, R = 8%, T = 3 years. (I = P×R×T)
    ______________________________
  10. fill Simple interest: P = 500, R = 8%, T = 4 years. (I = P×R×T)
    ______________________________
  11. fill Simple interest: P = 1500, R = 12%, T = 3 years. (I = P×R×T)
    ______________________________
  12. fill Simple interest: P = 2000, R = 10%, T = 3 years. (I = P×R×T)
    ______________________________
  13. fill Simple interest: P = 1500, R = 10%, T = 1 years. (I = P×R×T)
    ______________________________
  14. fill Simple interest: P = 500, R = 5%, T = 4 years. (I = P×R×T)
    ______________________________
  15. fill Simple interest: P = 500, R = 8%, T = 1 years. (I = P×R×T)
    ______________________________
  16. fill Simple interest: P = 1500, R = 8%, T = 1 years. (I = P×R×T)
    ______________________________
  17. fill Simple interest: P = 500, R = 5%, T = 2 years. (I = P×R×T)
    ______________________________
  18. fill Simple interest: P = 1500, R = 5%, T = 4 years. (I = P×R×T)
    ______________________________
  19. fill Simple interest: P = 1500, R = 5%, T = 2 years. (I = P×R×T)
    ______________________________
  20. fill Simple interest: P = 1000, R = 10%, T = 1 years. (I = P×R×T)
    ______________________________

Updated July 2026

FAQs

What is Simple Interest?

Simple Interest (simple interest) is a interest & money relationship written as Interest = Principal × Rate × Time or I = P × R × T. Students use it to solve unknowns when enough values are known.

How do you calculate Simple Interest step by step?

Write Interest = Principal × Rate × Time, substitute the known numbers carefully, then simplify. Worked walkthrough: P = 1000 R = 0.05 T = 2 years I = 100.

When is Simple Interest taught in school?

Simple Interest usually appears in interest & money units during middle or secondary school. Match difficulty with MathDigits grade worksheets so practice fits the curriculum year.

What is a real example of Simple Interest?

On this page the worked result is I = 100. Generate a formula worksheet below for more unique practice sets.

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