8.12D Simple and Compound interest

Front

The principle in the simple interest formula I=Prt is:

Back

the amount of money borrowed or deposited

Front

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

Back

$1,200

Front

Convert the rate given as a percent (%) to a ______ before using it in the simple interest formula.

Back

decimal

Front

Write the percent as a decimal: 4.3%

Back

.043

Front

Caiden's balance after 15 years with $475 at 3.8% interest compounded annually?

Back

$831.10

Front

View question in the picture then select the best answer

Back

D

Front

View question in the picture then select the best answer

Back

A

Front

View question in the picture then select the best answer

Back

D

Front

View question in the picture then select the best answer

Back

F

Front

View question in the picture then select the best answer

Back

B