Commission/Simple Interest

Commission/Simple Interest

Assessment

Flashcard

Mathematics

7th Grade

Hard

CCSS
7.RP.A.3, 6.RP.A.3C

Standards-aligned

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is 82% as a decimal?

Back

0.82

2.

FLASHCARD QUESTION

Front

Compute the sales commission for an amount of $4,500.00 at a rate of 5%.

Back

$225.00

Tags

CCSS.6.RP.A.3C

3.

FLASHCARD QUESTION

Front

Before using the rate given as a percent (%) in the simple interest formula, you must first convert it to a ______.

Back

decimal

Tags

CCSS.7.RP.A.3

4.

FLASHCARD QUESTION

Front

If Ann puts $300 in a bank account earning 4% interest, how much will she earn in interest in 1 year?

Back

$12

Tags

CCSS.7.RP.A.3

5.

FLASHCARD QUESTION

Front

In the simple interest formula I=TPR, what does 't' represent?

Back

Time, in years

Tags

CCSS.7.RP.A.3

6.

FLASHCARD QUESTION

Front

What is the formula for calculating simple interest?

Back

I = PRT (Interest = Principal x Rate x Time)

Tags

CCSS.7.RP.A.3

7.

FLASHCARD QUESTION

Front

What does 'P' stand for in the simple interest formula I=TPR?

Back

Principal (the initial amount of money)

Tags

CCSS.7.RP.A.3

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