Simple Interest

I = prt
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

• $7.50
• $26.25
• $87.5
• $262.50

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?

• $150
• $192
• $1350
• $1392

Tags

CCSS.7.RP.A.3

I = prt 
Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

• $800
• $1,000
• $1,200
• $1,500

Ann puts $300 in a bank account earning 4% interest.  How much will she earn in interest in 1 year?  (I = prt)

• 4
• 8
• 12
• 16

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that? (I = prt)

• $120
• $144
• $1,200
• $240

Principal = $350.
Interest rate = 2.5%
TIme = 3 years.
How much simple interest?
(I = prt)

• $7.50
• $26.25
• $87.5
• $262.50

I = prt
What does the "I" in the interest formula stand for?

• Important
• Interest
• Internet
• Igloo

Convert 18 months to years. 

• 18 Years
• 1.5 Years
• .18 Years
• You cannot change it to years.

Tags

CCSS.6.RP.A.3D

The simple interest formula is I=Prt.  What does the t represent?

• Principle
• Interest
• Time, in hours
• Time, in years

Tags

CCSS.7.RP.A.3

I = prt
What does the "r" in the interest formula stand for?

• Principal
• Interest
• rate
• time