Form 3: Simple Interest - Finding Principal Exercise

Form 3: Simple Interest - Finding Principal

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Form 3: Simple Interest - Finding Principal

Solve simple interest problems where you determine the original principal amount. Use given interest, rate, and time values to isolate the principal.

Questions

  1. MultiChoice

    If simple interest earned is $50 at 5% rate for 2 years, find principal.

  2. MultiChoice

    A loan accumulated $36 simple interest at 6% annual rate over 2 years. What was initial principal?

  3. MultiChoice

    An investment generated $120 interest at 4% interest rate over 3 years. Find starting principal.

  4. MultiChoice

    Interest earned is $16 at 2% rate over 4 years. What was the principal?

  5. MultiChoice

    Find principal when interest is $60, rate is 5% per year, and time is 3 years.

  6. MultiChoice

    Calculate starting principal if interest earned after 5 years at 3% per year is $120.

  7. MultiChoice

    Interest paid is $48 for 2 years at 4% simple interest rate. Find principal.

  8. MultiChoice

    What initial sum yields $40 interest at 8% per year over 2 years?

  9. MultiChoice

    Interest is $70 for 2 years at 5% simple interest rate. Find principal.

  10. MultiChoice

    Interest earned is $54 over 3 years at 2% annual rate. Calculate principal.

  11. MultiChoice

    Interest is $180 after 4 years at 3% simple interest. Find principal.

  12. MultiChoice

    If interest is $42 at 6% simple interest over 2 years, find principal.