Simple Interest

Front

Principal = $500

Interest Rate = 5%

Time = 5 years

What is the interest earned?

Back

$125

Front

What does the T represent in the simple interest formula I=PRT?

Back

Time, in years

Front

Elijah borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back IN TOTAL after 2 years?

Back

$1392

Front

Interest earned for principal of $2,000 at 8% rate for 5 years.

Back

$800

Front

$8,000 at 9% simple interest for 18 years

Back

$12,960

Front

What is the formula for simple interest?

Back

I=Prt

Front

The Principal and Interest are always___________. Options:

fraction

,

years

,

percent

,

money

Back

money

Front

9 months is how many years?

Back

0.75

Front

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

Back

$800

Front

Convert time in months to years for simple interest calculation.

Back