CC2: 7.1 Review

What formula would help you calculate simple interest?

• Y=KX

• I=PRT

• D=RT

• I=PT

What does the Principle represent when thinking about Simple Interest?

• the starting amount of money borrowed or deposited

• the percent interest per year

• the amount of time you borrow money

• the amount the bank owes you for being a customer at their bank

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

• 4

• 8

• 12

• 16

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

• $160

• $800

• $80,000

• $16

Tags

CCSS.HSF.BF.A.2

Fill in the blank ... Percent Discount will result in a new amount that is _____________ the original amount.

• greater than

• less than

• equal to

Fill in the blank ... Percent Increase will result in a new amount that is _____________ the original amount.

• greater than

• less than

• equal to

An Ipad that originally costs $500 is on sale for $449. What was the percent decrease?

• 89%

• 51%

• .10%

• 10%

The Polar Express movie is $12 and it will be on sale for $8.What is the percent decrease?

• 15%

• 33%

• 10%

• 32%

A sweater that originally costs $43 is on sale for 20% off. What is the SALE PRICE? (**Not discount amount)

• $47

• $34.40

• $23

• $8.60

Wyatt is looking at a new video game that is 35% off. If the game normally costs $120, what is the sale price?

• $42

• $55

• $78

• $85