Teaching Simple Interest Number Problem Easily
- Principal: It is the amount that is initially borrowed or invested from the banks.
- Rate: The rate of Interest at which the principal amount is offered for a given time.
- Time is the duration for which the principal amount is offered to a person.
- Amount: The total sum of money a person has to return to the bank, including all Interest, is the amount.
Here is an example of solving a question on a simple interest number problem. Let's take the example mentioned below to understand more about simple Interests.
Q. Find the simple Interest, if:
Principal Amount = 1000 INR.
Rate of Interest = 5 percent.
Time = 1 year.
Step 1: Mention all the information.
Step 2: Use the Simple Interest Formula.
Simple Interest Formula = P * R * T.
So,
S.I = 1000 * 5 * 1 / 100.
S.I = 5000 / 100.
S.I = 50.
Why should you use a Simple Interest Number Problem Worksheet for your students?
- These worksheets will help your students to understand different terms such as principal, rate, time, and amount.
- A Simple Interest Number Problem Worksheet will help your students strengthen their foundation on topics like percentages.
Download Equations with Simple Interest Number Problem Worksheets PDF
You can download and print these super fun equations with simple interest number problem worksheet pdf from here for your students. You can also try our Simple Percent Number Problems and Simple % Number Problems Quiz as well for a better understanding of the concepts.
