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Back to Simple Interest — Problem 1 · Task Set 24

Exercises: Simple Interest

Work through each section in order. Show your working, including the formula and each substitution step.

Grade 6·19 problems·~26 min·Uganda NCDC Primary 6 Mathematics·lesson·fractions-06
Work through problems with immediate feedback
A

Recall / Warm-Up

1

Use the formula I=P×R×T100I = \frac{P \times R \times T}{100} to find the simple interest when P=40,000P = 40{,}000 shillings, R=5%R = 5\%, and T=3T = 3 years.