Simple Interest 2022

Front

Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?

Back

125

Front

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?

Back

$120

Front

Jenna borrowed $5,000 for 3 years and paid $1,350 simple interest. What rate of interest did she pay?

Back

9%

Front

Convert 18 months to years.

Back

1.5 Years

Front

Write the decimal as a percent.
0.37

Back

37%

Front

Write the percent as a decimal: 4.3%

Back

.043

Front

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

Back

Interest

Front

The Principal and Interest are always___________.

Back

money

Front

Simple interest on a housing loan of $350,000 over 30 years at 4.5% rate?

Back

$472,500

Front

What would be the total amount of your student loan, if you had to pay back a loan of $10,550, at a rate of 3% over the course of 10 years?

Back

$13,715