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.7.RP.A.3

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

• $4

• $8

• $12

• $16

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

• Principle

• Interest

• Time

• Percent Rate

Write the percent as a decimal. 
4.3%

• 4.3
• .43
• .043
• 4300

Tags

CCSS.7.RP.A.3

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

• Principal
• Interest
• rate
• time

Tags

CCSS.8.EE.C.7B

$500 at 3% for 5 years. What is the ending balance? 

• $75
• $575
• $500
• $7,500

Josh invested $1200 at an annual interest rate of 3.5% for 4 years. How much will he have total at the end of 4 years?

• $1368

• $168

• $1268

• $1680

Ava invested $600 at an annual percentage rate of 5% for 2 years. How much interest did she earn?

• $605

• $1200

• $660

• $60