The principle in the simple interest formula I=Prt
Simple Interest

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Mathematics
•
6th - 8th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
the amount of money borrowed or deposited
2.
FLASHCARD QUESTION
Front
What does the "I" in the interest formula stand for?
Back
Interest
3.
FLASHCARD QUESTION
Front
What does the t represent in the simple interest formula I=Prt?
Back
Time, in years
4.
FLASHCARD QUESTION
Front
Convert the rate given as a percent (%) to a ______ before using it in the simple interest formula.
Back
decimal
5.
FLASHCARD QUESTION
Front
Write the percent as a decimal: 4.3%
Back
.043
6.
FLASHCARD QUESTION
Front
How to convert time from months to years when calculating simple interest?
Back
Divide the months by 12.
7.
FLASHCARD QUESTION
Front
Starting money = $350.
Interest rate = 2.5%
Time = 3 years.
How much interest?
Back
$26.25
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