This week, I added a few simple interest worksheets in word problem format. The worksheets also have the answers which can be found on the second page of the PDF. If you need to review the simple interest formula, you'll find a concise overview here. Simply put, the formula for simple interest is **I = P rt **whereby I stands for interest, P stands for the principal amount, R stands for the rate of interest and T stand for the time period.

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