This is a 10 question worksheet (or quiz) that has both simple I=PRT problems and compound interest problems. I have included the compound interest formula on the worksheet for students to use while working out the problems. I did not include the simple interest formula because I expect my students to memorize that one.
Question types include solving for interest, principle, interest rate, and time of investment. I also have times of years and months, so students can practice putting in different time periods into the formula correctly. I also ask different questions: some ask how much interest was earned while others ask what is the new balance in the account (so the students have to pay attention and add the interest to the original balance), etc.
An answer key is included.
This product is also included in my Algebra 1 Activities Mega Bundle
and my Simple Interest Bundle
. Check them out for a great discount!
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