FLASHCARD | Calculating Simple Interest

FLASHCARD | Calculating Simple Interest

Assessment

Flashcard

Mathematics

7th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, 6.EE.B.7, 8.EE.C.7B

+4

Standards-aligned

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is the formula for calculating simple interest?

Back

I = P * r * t, where I is interest, P is principal, r is the rate of interest, and t is the time in years.

Tags

CCSS.7.RP.A.3

2.

FLASHCARD QUESTION

Front

What does 'P' represent in the simple interest formula?

Back

P represents the principal, which is the amount of money borrowed or deposited.

Tags

CCSS.7.RP.A.3

3.

FLASHCARD QUESTION

Front

What does 'r' represent in the simple interest formula?

Back

r represents the rate of interest, expressed as a decimal.

Tags

CCSS.6.EE.B.7

4.

FLASHCARD QUESTION

Front

What does 't' represent in the simple interest formula?

Back

t represents the time the money is borrowed or invested, measured in years.

Tags

CCSS.8.EE.C.7B

5.

FLASHCARD QUESTION

Front

If you invest $500 at an interest rate of 5% for 2 years, how much interest will you earn?

Back

$50.

Tags

CCSS.7.RP.A.3

6.

FLASHCARD QUESTION

Front

If the principal is $1,000 and the interest earned is $100 over 4 years, what is the interest rate?

Back

The interest rate is 2.5%.

Tags

CCSS.7.RP.A.3

7.

FLASHCARD QUESTION

Front

What is the ending balance if you start with $1,000 and earn $200 in interest?

Back

The ending balance is $1,200.

Tags

CCSS.7.NS.A.1C

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?