Simple Interest
Flashcard
•
Mathematics
•
6th - 7th Grade
•
Practice Problem
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What does the 'I' in the interest formula stand for?
Back
Interest
2.
FLASHCARD QUESTION
Front
Write 4.3% as a decimal.
Back
0.043
3.
FLASHCARD QUESTION
Front
Dan borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back IN TOTAL after 2 years?
Back
$1392
4.
FLASHCARD QUESTION
Front
The simple interest formula is I=PRT. What does the T represent?
Back
Time, in years
5.
FLASHCARD QUESTION
Front
Write 0.37 as a percent (%)
Back
37%
6.
FLASHCARD QUESTION
Front
What does the 'P' in the simple interest formula I=PRT stand for?
Back
Principal amount
7.
FLASHCARD QUESTION
Front
If you invest $500 at a simple interest rate of 5% per year, how much interest will you earn in 3 years?
Back
$75
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