Simple Interest
Flashcard
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
+7
Standards-aligned
Wayground Content
FREE Resource
Student preview
20 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Calculate the amount of interest earned on an investment with a rate of 6.17%. What number will you plug into your equation for the rate? Options: 0.00617, 0.0617, 0.617, 6.17
Back
0.0617
Tags
CCSS.6.EE.B.6
2.
FLASHCARD QUESTION
Front
Arthur has $19,500 to invest, and wishes to gain $8,000 in interest over eleven years. Approximately what is the minimum simple interest rate that Arthur needs to achieve his goal?
Back
3.72%
Tags
CCSS.6.EE.B.7
3.
FLASHCARD QUESTION
Front
Nicole deposits $2,136 in a savings account paying 5.36% interest. To the nearest dollar, how much interest does Nicole have in total after nine years?
Back
$1,030
Tags
CCSS.7.RP.A.3
4.
FLASHCARD QUESTION
Front
If you invest $8,600 at a 3.95% simple annual interest rate, how long to earn $21,000 in interest?
Back
61 years
Tags
CCSS.6.EE.B.7
5.
FLASHCARD QUESTION
Front
In the formula I=P·R·T, what does R stand for in a loan?
Back
Rate: the interest percentage you will pay on a loan
Tags
CCSS.7.RP.A.3
6.
FLASHCARD QUESTION
Front
Iris has earned $813 in interest on her investment. She made her only deposit in it seven years ago. Given that the investment yields 3.7% simple interest annually, how big was the initial deposit?
Back
$3138
Tags
CCSS.6.EE.B.7
7.
FLASHCARD QUESTION
Front
Ike invests $7,660 in an account paying 7.27% simple interest annually. How much interest has Ike gained after four years?
Back
$2,227.53
Tags
CCSS.7.RP.A.3
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