4/27 Simple Interest

What is the simple interest formula?

• I=rt
• I=prt
• I=bh
• I=Bh

Tags

CCSS.7.RP.A.3

Find the simple interest:

$2,000 at 8% rate for 5 years

• $160

• $800

• $80,000

• $16

Tags

CCSS.7.RP.A.3

Find the simple interest:

$26,500 at 12% for 7 years

• $22,260

• $2,226,000

• $2,252,500

• $48,760

Tags

CCSS.7.RP.A.3

9 months is how many years?

(Remember there are 12 months in a year...so divide the number of months by 12)

• .5 months

• .75 months

• .25 months

• 1 year

Tags

CCSS.4.MD.A.1

Find the simple interest:

$750 at 18% rate for 6 months

• $810

• $6,750

• $67.50

• $27,000

Tags

CCSS.7.RP.A.3

Find the simple interest:

$500 at 5% rate for 5 years

• $95

• $105

• $125

• $135

Tags

CCSS.7.RP.A.3

Find the simple interest:

$1,350 at 4% for 3 years

• $1,512

• $16,200

• $17,550

• $162

Tags

CCSS.7.RP.A.3

How do you calculate the account balance?

• Subtract the interest from the principle amount

• Multiply the principle, rate and time

• Add the interest to the principle amount

• Add the principle amount and the time

Tags

CCSS.7.RP.A.3

Find the account 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 account balance:

$1,400 at 4% for 60 months

• $1,456

• $1,680

• $280

• $1,703.31

Tags

CCSS.7.RP.A.3