Simple Interest
Flashcard
•
Mathematics
•
KG - University
•
Practice Problem
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
The simple interest formula is I=Prt. What does P represent?
Back
The principal, which is the amount of money borrowed or deposited.
2.
FLASHCARD QUESTION
Front
What is the formula to calculate simple interest?
Back
I = Prt, where I is interest, P is principal, r is rate, and t is time.
3.
FLASHCARD QUESTION
Front
Convert the decimal 0.37 to a percent.
Back
37%.
4.
FLASHCARD QUESTION
Front
Convert the percent 4.3% to a decimal.
Back
.043.
5.
FLASHCARD QUESTION
Front
If Jimmy Neutron borrows $1200 at 8% simple interest for 2 years, how much will he pay back in total?
Back
$1392.
6.
FLASHCARD QUESTION
Front
How much interest will Emilio earn if he borrows $1200 at 8% simple interest for 3 years?
Back
$288.
7.
FLASHCARD QUESTION
Front
What does 'I' represent in the simple interest formula I=Prt?
Back
I represents the interest earned or paid.
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