Demystifying - Simple interest

Drills

Interest paid on the starting amount only, so the same sum is added every year.

Author note — to cover

Cover simple interest, named in R9's financial mathematics: the same interest on the principal every year, total interest and final balance after n years, and finding the rate, time or principal from a stated total. Contrast with compounding stays brief here; simple-versus-compound-interest and Growth and decay own it. Both tiers. (R9)

  • Fluency — direct questions on simple interest, limited to this lesson's stated scope (4 questions).
  • Application — use the same skill in unfamiliar or contextual questions without introducing a later method (4 questions).
  • Check — questions built around the exclusions and likely misconceptions named in the lesson brief (4 questions).

The test

—coming soon—

Where to go next

The method this drill practises is taught on Simple interest.