7ACC Percent Review

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.7.RP.A.3

Write the percent as a decimal. 
4.3%

• 4.3
• .43
• .043
• 4300

Write the decimal as a percent. 
0.37

• 37%
• 3.7%
• .37%

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

• Important
• Interest
• Internet
• Igloo

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

Calculate the interest. I = PRT,

Principal = $1000,

Rate = 6%,

Time = 2 years

• $100

• $120

• $180

• 1200

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

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

• 14
• 140
• 168
• 16.80

Emilio borrows $1200 from a bank at 8% over 3 years. What will his monthly payments be?

• $41.33

• 496

• $288

• $1488

A skateboard is on sale with a 25% discount. The original price was $120.
Find the sale price.

• 60
• 90
• 110
• 44

Tags

CCSS.6.RP.A.3C