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

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
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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