What does the 'r' in the interest formula stand for?
Simple Interest

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
Rate
2.
FLASHCARD QUESTION
Front
Write the percent as a decimal 3.25%.
Back
0.0325
3.
FLASHCARD QUESTION
Front
Ann puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?
Back
$12
4.
FLASHCARD QUESTION
Front
You invest $3,000 in a bank account paying 6.5% simple interest annually. How much interest will you receive after 30 months?
Back
$487.50
5.
FLASHCARD QUESTION
Front
Beyonce took a loan of $6500 at a simple interest rate of 8% for 5 years. What is the total amount she will pay for the chair?
Back
$9100
6.
FLASHCARD QUESTION
Front
What is the formula for calculating simple interest?
Back
Simple Interest = Principal × Rate × Time
7.
FLASHCARD QUESTION
Front
If you have a principal of $500 and a rate of 5% for 2 years, what is the simple interest?
Back
$50
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