5.4 simple interest

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

• Principal
• Interest
• Rate
• Time

Tags

CCSS.7.RP.A.3

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

• Principle

• Interest

• rate

• time

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

• Principle

• Interest

• rate

• time

Write the percent as a decimal. 
4.3%

• 4.3
• .43
• .043
• 4300

Tags

CCSS.6.NS.B.3

Write the percent as a decimal. 
5%

• 5
• .5
• .05
• 500

Tags

CCSS.5.NBT.A.3

Write the percent as a decimal. 
3.25%

• .0325
• .325
• 3250
• 32.5

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

• Principle

• Interest

• Rate

• Time

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

• $2.19

• $800

• $8,000

• $66.66

Find the simple interest earned when the principal is $500 at a rate of 7% held in the bank for 8 months.

• 280

• 23.33

• 233.33

• .76

Find the simple interest paid on a savings account of $750 with an 1.8% rate over 120 days.

• 44.38

• 443.83

• 4.43

• 16,200

• 1,350