Foundations for College Math (MBF3C) · Personal Finance

Simple and Compound Interest Calculations

30 tutor-authored questions for this Ontario curriculum expectation, ordered easiest to hardest, every one with a full worked solution. Work through all 30 with your weekly-lesson access code.

Start the 30 questions Curriculum: MBF3C-PF.1

Sample: the first question, solved

Find the simple interest on $2000 at 5% annual rate for 3 years.

📘 Worked solution
$300.

And one from the hard end

A $12000 investment offers either 5% simple interest over 6 years, or 4.5% interest compounded annually over 6 years. Which option earns more, and by how much?

Solution shown after you try it in practice mode.

Work through all 30, easiest to hardest

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