I = PRT/100: Problem Solving & Reasoning
Mathematics
GCSE Foundation
13 questions
~26 mins
1 views0 downloads
About This Worksheet
A worksheet focusing on calculating and understanding simple interest using the formula I = PRT/100, designed for GCSE Foundation students.
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I = PRT/100: Problem Solving & Reasoning
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 interest earned on a £2000 deposit at an annual rate of 3% over 1 year.
[2 marks]2.
A principal of £1500 earns £45 interest in 3 months. Find the rate of interest per annum.
[3 marks]3.
If £500 is invested for 2 years at an interest rate of 4%, what is the total interest earned?
[2 marks]4.
A bank offers an interest rate of 5% per year. How much interest will £1000 accrue after 2 years?
[2 marks]5.
A student invests £300 at 6% interest for 6 months. How much interest does she earn?
[2 marks]6.
A loan of £1200 accrues interest of £36 over 3 months. What is the annual interest rate?
[3 marks]7.
A principal of £800 earns interest of £32 in 4 months. Calculate the rate of interest per annum.
[3 marks]8.
A business invests £5000 at a rate of 4% per year. How much interest will it earn over 1 year?
[2 marks]9.
A customer deposits £2500 into a savings account with an annual interest rate of 3.5%. How much interest is earned in 1 year?
[2 marks]10.
Construct a rectangle on the grid with a length of 6 units and a width of 4 units. Label the sides.
[3 marks]11.
Plot the graph of y = 2x for x values from 0 to 5.
[3 marks]12.
An investment of £1000 grows to £1150 after 6 months at a certain rate of interest. Find the rate of interest per annum.
[3 marks]13.
Identify and correct the mistake: A principal of £400 earns £20 interest in 1 year at a rate of 3%.
[4 marks]Quick Actions
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Details
- Created
- 1/1/2026
- Updated
- 1/1/2026
- Type
- worksheet