Go through the lessons taught in your Maths class by studying from our chapter notes. T Time Period involved in months or years. Find the simple interest on 6900 at 16 ⅔ per year for 2 years.
Some of the worksheets for this concept are Simple interest Simple interest work Simple interest problems Simple interest compound interest example a Calculate the simple interest for the word problems Lesson plan simple and compound interest Grade 7 math proportional reasoning Calculate the simple interest.
Determine the total amount borrowed. This formula can be expressed algebraically as. To calculate interest multiply the principal by the interest rate and the term of the loan. Simple interest formula is given as.