Simple Interest CFU
Flashcard
•
Mathematics
•
9th Grade
•
Hard
+1
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the formula for simple interest?
Back
I = Prt
Tags
CCSS.7.RP.A.3
2.
FLASHCARD QUESTION
Front
What does the 'P' in I = Prt represent?
Back
Principal
Tags
CCSS.7.RP.A.3
3.
FLASHCARD QUESTION
Front
What does the 'r' in I = Prt represent?
Back
Rate of interest (as a decimal)
Tags
CCSS.7.RP.A.3
4.
FLASHCARD QUESTION
Front
What does the 't' in I = Prt represent?
Back
Time (in years)
Tags
CCSS.7.RP.A.3
5.
FLASHCARD QUESTION
Front
How do you convert a percentage to a decimal?
Back
Divide by 100 (e.g., 4.3% = 0.043)
6.
FLASHCARD QUESTION
Front
If you invest $100 at a rate of 5% for 3 years, what is the simple interest earned?
Back
I = Prt = 100 * 0.05 * 3 = $15
Tags
CCSS.7.RP.A.3
7.
FLASHCARD QUESTION
Front
What is the total amount (A) after earning simple interest?
Back
A = P + I
Tags
CCSS.HSF.BF.A.2
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