I=Prt

A group has a yard sale to raise money for a charity. The group earns $800 but decides to put its money in the bank for a while. Calculate the total amount of money the group will have given the following scenario:

Cool Bank pays simple interest at a rate of 4%, and the youth group leaves the money in for 3 years.

• $896

• $927.42

• $800

Tags

CCSS.HSF.BF.A.2

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

• $7.50
• $26.25
• $87.5
• $262.50

Tags

CCSS.7.RP.A.3

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

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

Beyonce went to the mall and saw a massage chair that she would have to take a loan out for $6500 to purchase.  The bank said that she could get a simple interest rate of 8% for 5 years.  What is the total amount that Beyonce will pay for the chair?

• $2600
• $910
• $9100
• $260

Tags

CCSS.HSF.BF.A.2

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

• 4
• 8
• 12
• 16

Tags

CCSS.6.RP.A.3C

Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.

• 14
• 140
• 168
• 16.80

Tags

CCSS.7.RP.A.3

$𝟐𝟓𝟎 is invested at a bank that pays 𝟕% simple interest. Calculate the amount of money in the account after 7 years.

• $267.50

• $302.50

• $372.50

• $600.00

Tags

CCSS.7.RP.A.3

$𝟐𝟓𝟎 is invested at a bank that pays 𝟕% simple interest. Calculate the amount of money in the account after 20 years.

• $267.50

• $302.50

• $372.50

• $600.00

Tags

CCSS.7.RP.A.3

Calculate the interest. I = PRT,

Principal = $1000,

Rate = 6%,

Time = 2 years

• $100

• $120

• $180

• $1120

Tags

CCSS.7.RP.A.3