simple interest

Front

Write 4.3% in decimal form.

Back

0.043

Front

Inah borrowed P10,000 from the Land bank of the Philippines with 8.5% simple interest per year. What is the total amount she will have to pay back in 2 years?

Back

11,700

Front

What does the t represent in the simple interest formula I=Prt?

Back

Time, in years

Front

Decimal form of 3.25%?

Back

.0325

Front

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

Back

principal

Front

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

Back

rate

Front

What is the decimal form of 5%?

Back

.05

Front

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

Back

decimal

Front

What does "I" stand for in the formula I=Prt?

Back

Interest

Front

Robert borrows Php1,200 from a bank with 8% simple interest per year. How much will she have to pay after 2 years?

Back

Php1392