Simple Interest
Flashcard
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
+1
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
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1.
FLASHCARD QUESTION
Front
What is Simple Interest?
Back
Simple Interest is the interest calculated on the principal amount only, without compounding. It is calculated using the formula I = PRT, where I is the interest, P is the principal, R is the rate of interest per year, and T is the time in years.
Tags
CCSS.7.RP.A.3
2.
FLASHCARD QUESTION
Front
What is the formula for calculating Simple Interest?
Back
The formula for calculating Simple Interest is I = PRT.
Tags
CCSS.7.RP.A.3
3.
FLASHCARD QUESTION
Front
If the principal is $1000, the rate is 6%, and the time is 2 years, what is the interest?
Back
$120
Tags
CCSS.7.RP.A.3
4.
FLASHCARD QUESTION
Front
Jerry borrowed $4,000 for 5 years at a 6% simple interest rate. How much interest will he pay?
Back
$1,200
Tags
CCSS.7.RP.A.3
5.
FLASHCARD QUESTION
Front
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
Back
$1392
Tags
CCSS.7.RP.A.3
6.
FLASHCARD QUESTION
Front
What is the total amount to be paid back if the principal is $10000, the rate is 7%, and the time is 20 years?
Back
$14000
Tags
CCSS.HSF.BF.A.2
7.
FLASHCARD QUESTION
Front
Anna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest?
Back
9 years
Tags
CCSS.8.EE.C.7B
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