Simple interest

Simple interest

Assessment

Flashcard

Mathematics

7th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, 7.EE.B.4A, 6.EE.B.7

+2

Standards-aligned

Created by

Wayground Content

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15 questions

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1.

FLASHCARD QUESTION

Front

What does the I stand for in the simple interest equation?

Back

Interest ($)

Tags

CCSS.7.EE.B.4A

2.

FLASHCARD QUESTION

Front

What is the formula for simple interest?

Back

I = P*r*t

Tags

CCSS.7.RP.A.3

3.

FLASHCARD QUESTION

Front

What does the r stand for in the simple interest equation?

Back

Rate (% as decimal)

Tags

CCSS.6.EE.B.7

4.

FLASHCARD QUESTION

Front

Howard borrowed $4,000 from the bank at an interest rate of 8%. He has to pay it back in 2 years. How much interest will he pay?

Back

$640

Tags

CCSS.7.RP.A.3

5.

FLASHCARD QUESTION

Front

Amy deposits $200 in the bank for 5 years. She earns 5% interest. How much did she make in interest?

Back

$50

Tags

CCSS.HSF.BF.A.2

6.

FLASHCARD QUESTION

Front

What does P stand for in the simple interest formula?

Back

Principal (initial amount of money)

Tags

CCSS.8.EE.C.7B

7.

FLASHCARD QUESTION

Front

What does t represent in the simple interest formula?

Back

Time (in years)

Tags

CCSS.7.EE.B.4A

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