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Practise using the formulas for simple interest and compound interest.

Simple Interest Compound Interest Exam Style Questions Formulas More Financial Maths

This is level 1; Simple Interest. Give all of your answers to two decimal places. You can earn a trophy if you get at least 9 correct and you do this activity online.

Find the amount of interest earned if...

£240 is invested at 4% pa simple interest for 10 years.

£ Correct Wrong

$850 is invested at 5% pa simple interest for 16 years.

$ Correct Wrong

€157 is invested at 1% pa simple interest for 10 years.

Correct Wrong

Find the total amount available if ...

£610 is invested at 4% pa simple interest for 9 years.

£ Correct Wrong

$270 is invested at 2% pa simple interest for 17 years.

$ Correct Wrong

€718 is invested at 5% pa simple interest for 10 years.

Correct Wrong

What was the initial amount invested if...

£644.00 is accrued after 3 years invested with 5% pa simple interest.

£ Correct Wrong

$4858.00 is accrued after 8 years invested with 5% pa simple interest.

$ Correct Wrong

€857.68 is accrued after 17 years invested with 3% pa simple interest.

Correct Wrong

How many years would it take for ...

£1080.00 to be accrued after £900 is invested with 4% pa simple interest.

Years: Correct Wrong

$8816.80 to be accrued after $8240 is invested with 1% pa simple interest.

Years: Correct Wrong

€942.40 to be accrued after €496 is invested with 5% pa simple interest.

Years: Correct Wrong


This is Interest level 1. You can also try:
Level 2 Level 3


Try your best to answer the questions above. Type your answers into the boxes provided leaving no spaces. As you work through the exercise regularly click the "check" button. If you have any wrong answers, do your best to do corrections but if there is anything you don't understand, please ask your teacher for help.

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Description of Levels



Level 1 - Simple Interest

Level 2 - Compound Interest

Level 3 - Exam Style Questions


Simple interest: I = P × R ÷ 100 × T

Compound interest: I = P(1 + R ÷ 100)T − P


I is the amount of interest earned by the investment.

P is the principal, the amount originally invested.

R is the rate of interest expressed as a percentage.

T is the number of years the amount was invested for.

If you are following a syllabus that allows the use of a graphic display calculator you could use the Finance Solver to help calculate answers for the compound interest questions.

TI-nSpire TI-nSpire
Don't wait until you have finished the exercise before you click on the 'Check' button. Click it often as you work through the questions to see if you are answering them correctly.