The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a______.
DCP #2 Review 8th Grade

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Mathematics
•
8th Grade
•
Hard
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11 questions
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1.
FLASHCARD QUESTION
Front
Back
decimal
2.
FLASHCARD QUESTION
Front
What does 'm' stand for in the slope formula?
Back
slope
3.
FLASHCARD QUESTION
Front
If the principal amount is $3000, the interest rate is 5%, and the time period is 4 years, what is the simple interest?
Back
$600
4.
FLASHCARD QUESTION
Front
Triangle HJK and triangle PMK are similar right triangles. The slope of HK is equal to the slope of PK because the ratio of the change in y-values of the endpoints to the change in x-values of the endpoints is the same for HK as it is for PK.
Back
True
5.
FLASHCARD QUESTION
Front
Back
B, A, C
6.
FLASHCARD QUESTION
Front
What is the formula for calculating simple interest?
Back
Simple Interest = Principal × Rate × Time
7.
FLASHCARD QUESTION
Front
How do you convert a fraction to a decimal?
Back
Divide the numerator by the denominator.
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