Worksheet

Interest: simple and compound compared

Grade 7 Math Worksheet - Building Confidence

NameDate

Circle the best answer, or write your answer on the line.

  1. Bo reads a pretend savings table. The class trip fund holds $150 and earns 4% interest in 1 year. How much interest does it earn in that year?

  2. Jun reads a pretend savings table. The art club's pretend fund holds $400 and earns 2% interest in 1 year. How much interest does it earn in that year?

  3. The class trip fund holds $120 and earns 5% interest in 1 year. Luz wants the balance after 1 year. How much is in the account then?

  4. Mr. Cole's pretend savings account holds $450 and earns 2% interest in 1 year. Milo wants the balance after 1 year. How much is in the account then?

  5. The school garden club's pretend fund holds $500 and earns 3% interest in 1 year. Noah wants the balance after 1 year. How much is in the account then?

  6. Read this first

    Percent money table

    LinePercentAmount
    amount saved100%$500
    interest for 1 year2%$10
    interest for 3 years??

  7. Pia reads the table for Ms. Shaw's pretend savings account. It earns simple interest each year. How much interest does it earn in 3 years?

  8. Ren reads the table for Ms. Frost's pretend savings account. It earns simple interest each year. How much interest does it earn in 4 years?

  9. Zee reads the table for Mr. Grove's pretend savings account. It earns simple interest each year. How much interest does it earn in 2 years?

  10. Amount saved | 100% | $450; 1% | $4.50; interest for 1 year | 3% | blank. Ms. Wells's pretend savings account holds $450 and earns 3% simple interest each year. Using the table, how much interest does Esme find for 3 years?

  11. Amount saved | 100% | $140; 1% | $1.40; interest for 1 year | 5% | blank. The class trip fund holds $140 and earns 5% simple interest each year. Using the table, how much interest does Jun find for 3 years?

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Interest: simple and compound compared

Answer Key - Grade 7 Math Worksheet - Building Confidence

Circle the best answer, or write your answer on the line.

  1. Bo reads a pretend savings table. The class trip fund holds $150 and earns 4% interest in 1 year. How much interest does it earn in that year?

    $6

  2. Jun reads a pretend savings table. The art club's pretend fund holds $400 and earns 2% interest in 1 year. How much interest does it earn in that year?

    $8

  3. The class trip fund holds $120 and earns 5% interest in 1 year. Luz wants the balance after 1 year. How much is in the account then?

    $126

  4. Mr. Cole's pretend savings account holds $450 and earns 2% interest in 1 year. Milo wants the balance after 1 year. How much is in the account then?

    $459

  5. The school garden club's pretend fund holds $500 and earns 3% interest in 1 year. Noah wants the balance after 1 year. How much is in the account then?

    $515

  6. Read this first

    Percent money table

    LinePercentAmount
    amount saved100%$500
    interest for 1 year2%$10
    interest for 3 years??

  7. Pia reads the table for Ms. Shaw's pretend savings account. It earns simple interest each year. How much interest does it earn in 3 years?

    $30

  8. Ren reads the table for Ms. Frost's pretend savings account. It earns simple interest each year. How much interest does it earn in 4 years?

    $40

  9. Zee reads the table for Mr. Grove's pretend savings account. It earns simple interest each year. How much interest does it earn in 2 years?

    $70

  10. Amount saved | 100% | $450; 1% | $4.50; interest for 1 year | 3% | blank. Ms. Wells's pretend savings account holds $450 and earns 3% simple interest each year. Using the table, how much interest does Esme find for 3 years?

    $40.50

  11. Amount saved | 100% | $140; 1% | $1.40; interest for 1 year | 5% | blank. The class trip fund holds $140 and earns 5% simple interest each year. Using the table, how much interest does Jun find for 3 years?

    $21