I = PRT/100: Fluency & Practice

Mathematics
GCSE Foundation
12 questions
~24 mins
1 views0 downloads

About This Worksheet

A worksheet focusing on calculating simple interest using the formula I = PRT/100, designed to develop procedural fluency and problem-solving skills.

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Full preview • 12 questions

I = PRT/100: Fluency & Practice

Subject: MathematicsGrade: GCSE Foundation
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Untitled Worksheet

Grade GCSE Foundation
A

Practice Questions

Answer all questions. Show your working in the grid spaces provided.
1.
Calculate the simple interest on a £2000 loan at a rate of 3% per annum for 2 years.
[2 marks]
2.
Find the interest earned when £1500 is invested at a rate of 4.5% over 1 year.
[2 marks]
3.
A bank offers a simple interest rate of 5% per year. How much interest will be earned on £5000 after 3 years?
[2 marks]
4.
Calculate the principal if the interest earned is £90 at a rate of 6% over 1 year.
[2 marks]
5.
A loan of £2500 accrues interest of £125 in one year. What is the rate of interest per annum?
[2 marks]
6.
If the interest on a sum of money is £48 after 4 years at 4% per annum, find the principal amount.
[2 marks]
7.
A student invests £600 at an interest rate of 3.5% per year. How much interest will they earn in 2 years?
[2 marks]
8.
Calculate the interest on a principal of £800 at a rate of 7% over 3 years.
[2 marks]
9.
A savings account offers 2.5% interest annually. How much interest will £1200 earn in 5 years?
[2 marks]
10.
A loan of £1800 earns interest of £180 in 1 year. What is the interest rate?
[2 marks]
11.
A business borrows £4000 at an interest rate of 4.5% per annum. How much interest will they pay after 2 years?
[2 marks]
12.
A sum of money earns £75 interest in 3 years at a simple interest rate. If the principal is £1500, what is the rate of interest?
[2 marks]

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Details

Created
1/1/2026
Updated
1/1/2026
Type
worksheet