1.Simple Interest

Starting money = $350.

Interest rate = 2.5%

TIme = 3 years.

How much interest?

• $7.50

• $26.25

• $87.5

• $262.50

Tags

CCSS.HSF.BF.A.2

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

• Principle

• Time in months

• Time in years

• Percent Rate

Tags

CCSS.8.EE.C.7B

The simple interest formula is I=Prt.  The P represents the principle.  The principle is ___________________.  

• the amount of money borrowed or deposited
• the percent interest for his year
• the amount taxed
• the amount the bank owes you for being a customer at their bank

Tags

CCSS.8.EE.C.7B

If you are calculating the simple interest and you are given the time in months.  How can you find the time in years?

• divide 12 by the months
• divide the months by 12
• multiply 12 times the months
• change the months to a decimal

Tags

CCSS.8.EE.C.7B

How much interest is earned on $269 at 10% for five years?

• $403.50

• $134.50

• $26.90

• $13.45

Tags

CCSS.HSF.BF.A.2

You put $939 into an investment at 8% for six years. What will the balance be at the end of six years?

• $450.72

• $751.20

• $4,507.20

• $1,389.72

Tags

CCSS.HSF.BF.A.2

If you invest $823 at an interest rate of 3%, how much money will you have after nine years?

• $246.90

• $1,045.21

• $222.21

• $1,069.90

Tags

CCSS.HSF.BF.A.2

How long must $542 be invested at a rate of 7% to earn $303.52 in interest?

• 25 years

• 18 years

• 8 years

• 6 years

Tags

CCSS.6.EE.B.7

What was the interest rate if your balance on an investment of $857 at the end of six years is $1,268.36?

• 8%

• 25%

• 68%

• 6%

Tags

CCSS.6.EE.B.7

You put $201 into an investment at 9% for four years. What will the balance be at the end of four years?

• $180.90

• $72.36

• $273.36

• $381.90

Tags

CCSS.HSF.BF.A.2