Percent of Change and Simple Interest

Percent of Change and Simple Interest

Assessment

Flashcard

Mathematics

7th Grade

Hard

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18 questions

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1.

FLASHCARD QUESTION

Front

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

Back

$1392

2.

FLASHCARD QUESTION

Front

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

Back

125

3.

FLASHCARD QUESTION

Front

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

Back

$120

4.

FLASHCARD QUESTION

Front

What does the t represent in the simple interest formula I=Prt?

Back

Time, in years

5.

FLASHCARD QUESTION

Front

Convert 18 months to years. 

Back

1.5 Years

6.

FLASHCARD QUESTION

Front

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

Back

rate

7.

FLASHCARD QUESTION

Front

The Principal and Interest are always___________.

Back

money

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