Simple & Compound Interest
Flashcard
•
Mathematics
•
7th Grade
•
Easy
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12 questions
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1.
FLASHCARD QUESTION
Front
The principle in the simple interest formula I=Prt
Back
the amount of money borrowed or deposited
Tags
CCSS.7.RP.A.3
2.
FLASHCARD QUESTION
Front
To earn as much interest as possible, you should open a savings account that earns ______ interest and has the _____ interest rate.
Back
compound ; highest
3.
FLASHCARD QUESTION
Front
How to find time in years from months for simple interest calculation? Options: divide 12 by the months, multiply 12 times the months, divide the months by 12, change the months to a decimal
Back
divide the months by 12
Tags
CCSS.7.RP.A.3
4.
FLASHCARD QUESTION
Front
What is the formula for simple interest?
Back
I=Prt
Tags
CCSS.7.RP.A.3
5.
FLASHCARD QUESTION
Front
In the formula I = Prt, where r represents the rate, rates must be converted into ____ before multiplying.
Back
decimals
Tags
CCSS.7.RP.A.3
6.
FLASHCARD QUESTION
Front
Ann puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?
Back
12
Tags
CCSS.7.RP.A.3
7.
FLASHCARD QUESTION
Front
What does P stand for in I = Prt ?
Back
principal
Tags
CCSS.6.EE.B.7
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