Simple And Compound Interest Worksheet Answers. At the end of every year he pays. $5000 is borrowed for 1 year at 12% per annum simple interest.

Explain to students that the answer would be $28.62 because $318 x 9 percent is the same as $318 x 0.09, which equals $28.62. Principal (p)= `25625 rate (r) = 16% =16/4% = 4% time = 12. Finding compound interest and total amount | level 1 use the formula: