MathsFreePrintable

Simple and Compound Interest

A free maths worksheet ready for your classroom. Open in Kuraplan to grab the print-ready PDF, customize it for your students, or generate a fresh version in seconds.

Simple and Compound Interest worksheet preview

Simple and Compound Interest

Money and calculator illustration

🎯 WALT: Calculate simple and compound interest for real-life financial decisions

Key Formulas:

Simple Interest: I = P × r × t

Compound Interest: A = P(1 + r)^t

Where: P = Principal, r = rate (as decimal), t = time (years), I = Interest, A = Amount

💰 Part 1: Simple Interest Calculations

1. Sarah invests $2,000 at 5% simple interest for 3 years. Calculate the interest earned.

Interest = $__________

2. Which investment earns more simple interest?

$1,500 at 4% for 5 years

$2,000 at 3% for 4 years

$1,200 at 6% for 4 years

3. Jake borrows $5,000 at 8% simple interest. If he pays $1,200 in interest, how long did he borrow the money?

Time = __________ years

4. Complete the table for simple interest:

Principal: $3,000 | Rate: 4% | Time: _____ years | Interest: $360

📈 Part 2: Compound Interest & Comparison

5. Emma invests $1,000 at 6% compound interest for 2 years. Calculate the total amount.

Total Amount = $__________

6. Compare these two investments after 3 years:

Investment A: $2,000 at 5% simple interest

Investment B: $2,000 at 5% compound interest

Which earns more? _________________ By how much? $__________

7. True or False: Compound interest always earns more than simple interest.

True

False

Explain your answer: _________________________________________________

8. Real-life scenario: You have $5,000 to save for university. Bank A offers 4% simple interest, Bank B offers 3.5% compound interest. For a 4-year term, which bank would you choose and why?

🎯 Reflection & Goal Setting

9. What is one key difference between simple and compound interest?
10. Set a financial goal: How could understanding interest help you make better money decisions?

I want to get better at: _________________________________________________

My next financial learning goal is: _____________________________________

About This Worksheet

Free in Kuraplan

Sign up free, grab the PDF, and customize it for your class.

Print-Ready

Formatted for standard paper. Clean layout, easy to read.

AI-Generated

Created with Kuraplan's AI, designed for real classroom use.

For Teachers & Parents

Use in classrooms, for homework, tutoring, or homeschool.

Need a custom version of this worksheet?

Kuraplan's AI generates custom worksheets in seconds — differentiated for every learner, aligned to your curriculum.

Generate Custom Worksheets — Free
No credit card Curriculum-aligned Under 60 seconds