simple interest worksheet pdf
Simple interest is a fundamental concept in finance, calculated using the formula I = PRT. It represents interest earned on the initial principal amount over time. Worksheets provide practical exercises for mastering this essential financial tool, helping students apply the formula to real-world scenarios and build a strong understanding of interest calculations. 1.1 What is Simple Interest? Simple interest is the most basic form of interest calculation, where interest is earned solely on the original principal amount. It is calculated using the formula I = PRT, where P