Simply Interest

Find the ending balance:
$35,600 at 9% for 2 years

• $42,296.39
• $42,002.27
• $42,008.00
• $38,804.00

Tags

CCSS.7.RP.A.3

Find the ending balance:
$1,400 at 4% for 60 months

• $1,456
• $1,680
• $280
• $1,703.31

Tags

CCSS.7.RP.A.3

Find the interest: 
$26,500 at 12% for 7 years

• $22,260
• $2,226,000
• $2,252,500
• $48,760

Tags

CCSS.7.RP.A.3

Find the interest:
$1,350 at 4% for 3 years

• $1,512
• $16,200
• $17,550
• $162

Tags

CCSS.7.RP.A.3

Find time time (in years): Round to the nearest whole number.

Principal: $3,750

Interest: $427.50

Interest Rate: 3.8%

• 3 years

• 2 years

• 1 year

• 4 years

Ben borrows $18,500 at 5.2% simple interest per year. When he pays back the loan after 72 months, what is the total amount he will end up paying?

• $4,810

• $5772

• $24272

• $76220

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

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

• Important
• Interest
• Internet
• Igloo

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

Calculate the interest. I = PRT,

Principal = $1000,

Rate = 6%,

Time = 2 years

• $100

• $120

• $180

• 1200

Tags

CCSS.7.RP.A.3