Simple and Compound Interest
Flashcard
•
Mathematics
•
8th Grade
•
Practice Problem
•
Hard
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13 questions
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1.
FLASHCARD QUESTION
Front
What is the formula for simple interest?
Back
I=Prt
2.
FLASHCARD QUESTION
Front
What does the P in I = PRT mean?
Back
Principal
3.
FLASHCARD QUESTION
Front
The Principal and Interest are always___________.
Back
money
4.
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
5.
FLASHCARD QUESTION
Front
What does the t represent in the simple interest formula I=Prt?
Back
Time, in years
6.
FLASHCARD QUESTION
Front
Write the decimal as a percent.
0.37
Back
37%
7.
FLASHCARD QUESTION
Front
Write the percent as a decimal: 4.3%
Back
.043
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