Mr. White Simple Interest

What is the simple interest formula?

• I=rt
• I=prt
• I=bh
• I=Bh

Tags

CCSS.7.RP.A.3

How do you calculate the balance in an account, with interest?

• 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

Before the simple interest formula can be used, what form does the rate need to be in?

• decimal
• years
• percent
• months

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.

• $338.00
• $33.80
• $33.75
• $337.50

Tags

CCSS.HSF.BF.A.2

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

• $52.50
• $302.50
• $53.00
• $305.00

Tags

CCSS.7.RP.A.3

Determine the simple interest earned:  p= $2000  r= 4.6%  t= 4 years

• $2370.00
• $348.00
• $2368.00
• $368.00

Tags

CCSS.7.RP.A.3

Determine the balance with interest:

p= $5375  r= 6.3%  t= 2 years

• $6, 520.52
• $6,502.25
• $6,052.25
• $677.25

Tags

CCSS.7.RP.A.3

Christian opened a savings account with $3250. His account will earn 5.2% simple interest. How much money will be in his account after 6 years?

• $4,264.00
• $1,104.00
• $1,100.00
• $4,400.00

Tags

CCSS.7.RP.A.3

Alexis opened an account with $35. The account she opened earns simple interest at a rate of 8.6%. How much money will her account have in 4 years?

• $47.04
• $35.04
• $45.00
• $37.45

Tags

CCSS.7.RP.A.3

Alexis opened an account with $35. The account she opened earns simple interest at a rate of 8.6%. How much money will her account have in 4 years?

• $47.04
• $35.04
• $45.00
• $37.45