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How to calculate Simple Interest
This section will show you how to approach maths problems involving simple interest. The example questions and maths activities will help you to understand how to calculate simple interest and I will explain to you step by step how to calculate simple interest. After studying the videos you should try to complete the FREE worksheet at the bottom of this page. If you still don't understand this maths topic and need more help, make sure to send me a message. There is a significant chance you will have to calculate simple interest on your IGCSE / GCSE maths exam papers. If you know how to calculate simple interest and understand all the example questions, then make sure to study the next section on compound interest next! Before we start, the first maths video will briefly discuss and explain what is meant with interest in general.
Simple or Compound Interest?When you bring the coins you have saved to the bank and want them to grow in large amounts of money, do you then rather receive simple interest or compound interest? What If you are a bank who does not want to pay too much interest to its customers. Would you rather pay simple interest or compound interest? If you have to answer a maths question involving interest on your IGCSE maths exam, would you rather calculate simple interest or do you prefer to find compound interest?
Maths activity worksheet and example questions Simple and Compound InterestBelow you will find a maths activity filled with questions about hot to calculate simple and compound interest. Try to answer all these maths questions for your maths revision and prepare yourself properly for your IGCSE / GCSE maths exams. Make sure you read each question properly and evaluate at the end whether you have answered the question correctly. Distinguish between being asked to calculate the total amount, the amount of interest, the difference between two sums of money etc. If you scroll down at the bottom of this webpage you can also download this maths activity, print it and answer the questions at your own convenience. Feel free to share these worksheets with your friends or share this site with them for all my maths resources are FREE to use for educational purposes. If you still need help with maths or still don't understand how to calculate simple interest, send me a message an I will help you with your maths studies!
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Congratulations! You now understand how to calculate simple interest. But you can also get a question about compound interest on your IGCSE GCSE maths exam. So continue with your maths revision and follow the links where I will explain to you what compound interest is. See you there!!
