Simple Interest CW

Simple Interest CW

Assessment

Flashcard

Mathematics

6th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

What is the simple interest formula?

Back

I=prt

2.

FLASHCARD QUESTION

Front

Before the simple interest formula can be used, what form does the rate need to be in? Options: decimal, years, percent, months

Back

decimal

3.

FLASHCARD QUESTION

Front

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

Back

125

4.

FLASHCARD QUESTION

Front

Convert 7.25% to a decimal.

Back

0.0725

5.

FLASHCARD QUESTION

Front

In the simple interest formula I=Prt, what does t represent?

Back

Time, in years

6.

FLASHCARD QUESTION

Front

Write the percent as a decimal: 4.3%

Back

.043

7.

FLASHCARD QUESTION

Front

Interest on $2,000 for 6 months at 12% annual simple interest rate?

Back

$120

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