This problem set focuses on the main components of the simple interest method. Each problem has a change in computation, changing the amount, interest rate, period of time or the scenario of interest.

Concepts worked and tested include:

Simple interest calculation

Understanding interest earned vs interest paid

Exploring the impact of different time periods on interest calculation

Calculating the total account value after interest is earned

This packet will be useful for upper-high school students through college and adult learners who have basic arithmetic skills.

This packet can be worked through with the free resource in the store: Simple Interest Method Video.