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Simple interest: find the principal

Grade 7 math · Fieldbook Learning

Name ______________________ Date __________

Use interest = principal × rate × time, with the rate as a percent per year.

  1. A deposit at 5% simple interest per year earns $20 in 2 years. How much was deposited?
  2. A deposit at 2% simple interest per year earns $24 in 2 years. How much was deposited?
  3. A deposit at 10% simple interest per year earns $80 in 2 years. How much was deposited?
  4. A deposit at 5% simple interest per year earns $20 in 1 year. How much was deposited?
  5. A deposit at 2% simple interest per year earns $56 in 4 years. How much was deposited?
  6. A deposit at 6% simple interest per year earns $72 in 4 years. How much was deposited?
  7. A deposit at 5% simple interest per year earns $140 in 2 years. How much was deposited?
  8. A deposit at 6% simple interest per year earns $48 in 1 year. How much was deposited?
  9. A deposit at 3% simple interest per year earns $435 in 5 years. How much was deposited?
  10. A deposit at 2% simple interest per year earns $104 in 2 years. How much was deposited?
  11. A deposit at 4% simple interest per year earns $600 in 5 years. How much was deposited?
  12. A deposit at 5% simple interest per year earns $625 in 5 years. How much was deposited?
  13. A deposit at 9% simple interest per year earns $1935 in 5 years. How much was deposited?
  14. A deposit at 2% simple interest per year earns $240 in 3 years. How much was deposited?
  15. A deposit at 3% simple interest per year earns $297 in 3 years. How much was deposited?
  16. A deposit at 2% simple interest per year earns $440 in 5 years. How much was deposited?
  17. A deposit at 10% simple interest per year earns $2850 in 5 years. How much was deposited?
  18. A deposit at 5% simple interest per year earns $360 in 6 years. How much was deposited?
  19. A deposit at 2% simple interest per year earns $296 in 2 years. How much was deposited?
  20. A deposit at 9% simple interest per year earns $378 in 2 years. How much was deposited?
More free practice: fieldbooklearning.com/ca/practice/grade-7/simple-interest-find-the-principal/

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Answer key: Simple interest: find the principal

  1. $200.00
  2. $600.00
  3. $400.00
  4. $400.00
  5. $700.00
  6. $300.00
  7. $1400.00
  8. $800.00
  9. $2900.00
  10. $2600.00
  11. $3000.00
  12. $2500.00
  13. $4300.00
  14. $4000.00
  15. $3300.00
  16. $4400.00
  17. $5700.00
  18. $1200.00
  19. $7400.00
  20. $2100.00