Simple Interest
Flashcard
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Easy
+2
Standards-aligned
Wayground Content
Used 1+ times
FREE Resource
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15 questions
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1.
FLASHCARD QUESTION
Front
What does the variable 't' represent in the simple interest formula I = Prt?
Back
Time, in years.
Tags
CCSS.6.EE.B.7
2.
FLASHCARD QUESTION
Front
Before using the rate in the simple interest formula, you must convert it to a ______.
Back
decimal.
Tags
CCSS.7.RP.A.3
3.
FLASHCARD QUESTION
Front
What is the formula to calculate the balance (or final amount)?
Back
Balance = Principal + Interest.
Tags
CCSS.7.RP.A.3
4.
FLASHCARD QUESTION
Front
Principal and Interest are always ___________.
Back
money.
Tags
CCSS.7.RP.A.3
5.
FLASHCARD QUESTION
Front
What does 'P' represent in the simple interest formula I = Prt?
Back
The amount of money borrowed or deposited.
Tags
CCSS.6.EE.B.7
6.
FLASHCARD QUESTION
Front
What is the formula for calculating simple interest?
Back
I = Prt.
Tags
CCSS.6.EE.B.6
7.
FLASHCARD QUESTION
Front
If you have a principal of $1000, a rate of 5%, and a time of 3 years, what is the simple interest?
Back
I = 1000 * 0.05 * 3 = $150.
Tags
CCSS.7.RP.A.3
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