Simple Interest

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

Tags

CCSS.7.RP.A.3

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

Emily invests $200 in an account that earns 4% simple interest. What will her account balance be after 5 years?

Tags

CCSS.7.RP.A.3

Calculate the interest earned on a $4,500 savings account that earns 2.5% simple interest over three years.

• $33.75

• $337.50

• $4837.50

• $4838.00

Tags

CCSS.7.RP.A.3

Determine the balance on a $250 account that earns 3% simple interest over 7 years.

• $52.50

• $302.50

• $197.50

• $305.00

Tags

CCSS.7.RP.A.3

Find the ending balance of your saving account if you deposit $1,400 at 4% annual rate for 60 months

• $280

• $1,456

• $1,680

• $1,403

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.BF.A.1

CCSS.HSF.BF.A.2

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

• $800
• $1,000
• $1,200
• $1,500

Tags

CCSS.7.RP.A.3

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

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

• Principle
• Interest
• Time, in hours
• Time, in years

Tags

CCSS.7.RP.A.3

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

• Important
• Interest
• Internet
• Igloo

Tags

CCSS.7.RP.A.3