Simple Interest

Simple Interest

Assessment

Flashcard

Mathematics

12th Grade

Practice Problem

Hard

Created by

Wayground Content

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15 questions

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1.

FLASHCARD QUESTION

Front

What does the 'p' in the interest formula stand for?

Back

Principal

2.

FLASHCARD QUESTION

Front

9 months is how many years?

Back

0.75 years

3.

FLASHCARD QUESTION

Front

Write the percent as a decimal: 3.25%

Back

.0325

4.

FLASHCARD QUESTION

Front

Write the percent as a decimal: 4.3%

Back

.043

5.

FLASHCARD QUESTION

Front

You invest $500 at 4% rate and receive $60 in simple interest. How many years was it invested for?

Back

3 years

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 $1000 and a rate of 5%, how much interest will you earn in 2 years?

Back

$100

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