Study Guide
Simple and Compound Interest
A senior study guide comparing simple interest (I = Prn) with compound interest (A = P(1 + r)ⁿ), including compounding more often than…
- Difficulty
- Level 2 · Standard
- Time
- 25 min
Extra practice for Year 12 Simple and Compound Interest Worksheet — Level 1: the same skill with fresh questions.
WorksheetYear 12Level 1 · Easier
Free Year 12 Simple and Compound Interest Worksheet — Level 1 — Practice Set 3
Practice Set 3 for Year 12 Simple and Compound Interest Worksheet — Level 1: the same skill and level with a fresh set of questions and a full answer sheet.
More practice: Set 1 · Practice Set 2 · Practice Set 4 — same skill, fresh questions, full answers.
Instant download · No sign-up · Free for personal, classroom and homeschool use
- Year
- Year 12
- Subject
- Maths
- Topic
- Financial Mathematics
- Difficulty
- Level 1 · Easier
- Estimated time
- 20 minutes
- Curriculum
- New Zealand Curriculum
- Questions
- 8
- Answers
- Included, with working
- Format
- PDF (A4) + print
Students will practise
- calculating simple interest
- finding the total value of an investment
- comparing simple and compound interest
Curriculum: New Zealand Curriculum. We show specific outcome codes only where they have been verified against the official curriculum document.
What's next?
Completed: Year 12 Simple and Compound Interest Worksheet — Level 1 — Practice Set 3
How to use this worksheet
- Print the PDF or complete it on screen. Write the student's name and date at the top.
- Read the instructions for each part together before starting. Encourage working to be shown, not just answers.
- Mark with the answer sheet. Compare the method, not only the final answer, and give credit for correct working.
- Record the score, celebrate what went well, then follow the "What's next" suggestion.
Common questions
Who is this worksheet for?
Year 12 students (typically ages 16–17) working on financial mathematics. It is pitched at level 1 · easier; a harder version is linked above.
Are the answers included?
Yes. The PDF includes a full answer sheet with the working for every question. You can also view the answers online.
How long does it take?
About 20 minutes for 8 questions. Short, regular sessions work best: two or three a week beats one long one.
Do I need to sign up to download?
No. Click Download Free PDF and it opens immediately. It is free for personal, classroom and homeschool use.
What should we do next?
Try Year 12 Simple and Compound Interest Worksheet — Level 2.
Preview
Success TutoringWorksheetsYear 12 · Mathematics · Financial MathematicsYear 12 Simple and Compound Interest Worksheet — Level 1 — Practice Set 3
Name
Date
Score /
Show your working. Write the rate as a decimal (5% = 0.05). Round money to the nearest cent.
1.Find the simple interest on $2,000.00 invested at 6% per year for 2 years. What is the total value at the end?
2.Find the simple interest on $12,750.00 invested at 2.5% per year for 4 years. What is the total value at the end?
3.Find the simple interest on $4,750.00 invested at 4.5% per year for 6 years. What is the total value at the end?
4.Find the simple interest on $8,250.00 invested at 4.5% per year for 6 years. What is the total value at the end?
5.Find the simple interest on $14,500.00 invested at 2.5% per year for 5 years. What is the total value at the end?
6.Find the simple interest on $8,000.00 invested at 2.5% per year for 4 years. What is the total value at the end?
7.Find the simple interest on $7,250.00 invested at 6% per year for 2 years. What is the total value at the end?
8.Find the simple interest on $9,500.00 invested at 6% per year for 6 years. What is the total value at the end?
Preview — the PDF contains the full resource and answer sheet.
More Year 12 financial mathematics resources
- Worksheet
Year 12 Simple and Compound Interest Worksheet — Level 1
Calculate simple interest with I = Prn, then compound interest with A = P(1 + r)ⁿ, and compare the two. Builds confidence with the core…
- Difficulty
- Level 1 · Easier
- Time
- 20 min
- Questions
- 8 questions
- Answers
- Answers included
- Worksheet
Year 12 Simple and Compound Interest Worksheet — Level 2
Calculate simple interest with I = Prn, then compound interest with A = P(1 + r)ⁿ, and compare the two. Expected-level practice for this…
- Difficulty
- Level 2 · Standard
- Time
- 20 min
- Questions
- 8 questions
- Answers
- Answers included
- Worksheet
Year 12 Simple and Compound Interest Worksheet — Level 3
Calculate simple interest with I = Prn, then compound interest with A = P(1 + r)ⁿ, and compare the two. A challenge set for students ready…
- Difficulty
- Level 3 · Challenge
- Time
- 20 min
- Questions
- 8 questions
- Answers
- Answers included
Financial Mathematics in other year levels
- Year 11 Simple and Compound Interest Worksheet — Level 1
Worksheet · Year 11 · Financial Mathematics · Level 1 · Easier
- Year 11 Simple and Compound Interest Worksheet — Level 2
Worksheet · Year 11 · Financial Mathematics · Level 2 · Standard
- Compound Interest: Effective Rates and Inflation
Worksheet · Year 13 · Financial Mathematics · Level 3 · Challenge
- Reducing-Balance Loans: Repayment Tables and Extra Repayments
Worksheet · Year 13 · Financial Mathematics · Level 3 · Challenge
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About this resource
- Created by
- Success Tutoring Maths Team
- Reviewed by
- Success Tutoring
- Last reviewed
- 1 October 2026
- How it was made
- Generated by checked procedures
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