Simple Interest
Flashcard
•
Mathematics
•
8th Grade
•
Practice Problem
•
Hard
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What does the 'r' in the interest formula stand for?
Back
rate
Tags
CCSS.8.EE.C.7B
2.
FLASHCARD QUESTION
Front
What does the 'I' in the interest formula stand for?
Back
Interest
Tags
CCSS.7.RP.A.3
3.
FLASHCARD QUESTION
Front
What is the formula for calculating Simple Interest?
Back
Simple Interest (SI) = Principal (P) × Rate (r) × Time (t) / 100
Tags
CCSS.7.RP.A.3
4.
FLASHCARD QUESTION
Front
If Maria borrowed $3,000 at a simple interest rate of 4% per year for 4 years, how much interest did she pay?
Back
$480
Tags
CCSS.7.RP.A.3
5.
FLASHCARD QUESTION
Front
If Julie borrowed $3,500 for 3 years at 7½% simple interest rate, how much interest is that?
Back
$787.50
Tags
CCSS.7.RP.A.3
6.
FLASHCARD QUESTION
Front
Starting money = $350. Interest rate = 2.5%. Time = 3 years. How much interest?
Back
$26.25
Tags
CCSS.7.RP.A.3
7.
FLASHCARD QUESTION
Front
What is the principal in a simple interest calculation?
Back
The principal is the initial amount of money borrowed or invested.
Tags
CCSS.7.RP.A.3
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