Simple Interest

Front

Convert the rate given as a percent (%) to a ______ before using it in the simple interest formula.

Back

decimal

Front

The principle in the simple interest formula I=Prt is:

Back

the amount of money borrowed or deposited

Front

Write the percent as a decimal: 4.3%

Back

.043

Front

Write the decimal as a percent: 0.37

Back

37%

Front

What does the "I" in the interest formula stand for?

Back

Interest

Front

Starting money = $350.
Interest rate = 2.5%
Time = 3 years.
How much interest?

Back

$26.25

Front

Calculate the interest. I = PRT, Principal = $1000, Rate = 6%, Time = 2 years

Back

$120

Front

Calculate the interest. I = PRT, Principal = $10000, Rate = 7%, Time = 20 years

Back

14000

Front

Anna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest?

Back

9 years

Front

Principal in the simple interest formula I=Prt

Back

the amount of money