Simple and Compound Interest
Flashcard
•
Mathematics
•
12th Grade
•
Hard
+3
Standards-aligned
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20 questions
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1.
FLASHCARD QUESTION
Front
What is the simple interest formula?
Back
I= P•R•T
Tags
CCSS.7.RP.A.3
2.
FLASHCARD QUESTION
Front
What does "I" represent in the simple interest formula?
Back
interest money earned
Tags
CCSS.8.EE.B.5
3.
FLASHCARD QUESTION
Front
When using the simple interest formula, time needs to be entered in terms of?
Back
years
Tags
CCSS.7.RP.A.3
4.
FLASHCARD QUESTION
Front
The "principal" can be described as ______.
Back
the starting amount of money
Tags
CCSS.5.NBT.A.2
5.
FLASHCARD QUESTION
Front
What is 8.25% in decimal form?
Back
0.0825
6.
FLASHCARD QUESTION
Front
Which of the following is not needed to calculate the simple interest? Options: principal, interest rate, time, term
Back
term
Tags
CCSS.7.RP.A.3
7.
FLASHCARD QUESTION
Front
How would you enter 3 months into the simple interest formula?
Back
0.25
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