Simple interest

Front

The principle in the simple interest formula I=Prt

Back

the amount of money borrowed or deposited

Front

Before using a rate given as a percent (%) in the simple interest formula, you must first convert it to a ______.

Back

decimal

Front

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

Back

Interest

Front

Aiman borrowed RM4,000 for 5 years at 6% simple interest rate. How much interest is that?

Back

RM1,200

Front

Jerry saves RM5000 for 5 years at 6% simple interest rate. What will the value of Jerry's account be after 5 years?

Back

RM 6500

Front

Emili borrows RM1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

Back

RM1392

Front

The principle in the simple interest formula I=Prt

Back

the amount of money borrowed or deposited

Front

You lend RM240 to your friend. He pays you back RM270. What interest rate did you charge your friend?

Back

12.5%

Front

Anna invested RM2,500 at an annual rate of 5%. How long will it take until Anna earns RM1,125 in interest?

Back

9 years

Front

Sarah borrowed RM20,000 from two money lenders with simple interest rates of 12% and 14% per annum. After one year, she paid RM2560 as total interest. How much did she borrow at each rate? Options: 12%= RM 12000, 14% =RM8000; 12% =RM10000, 14% =RM 10000; 12% =RM 15000, 14% =RM 5000; 12%=RM 9000, 14% =RM 11000.

Back

12%= RM 12000, 14% =RM8000