Simple Interest Homework

You go shopping for a new hoodie. There is one for $39.99 that is 30% off. What would be the cost after the discount?

• $11.99

• $12

• $51.99

• $27.99

Tags

CCSS.6.RP.A.3C

Your bill at a restaurant is $52.00. You want to leave a 20% tip, so how much should the tip be?

• $5.20

• $62.40

• $10.40

• $20.00

Tags

CCSS.6.RP.A.3C

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
• Percent Rate

Tags

CCSS.8.EE.C.7B

Elizabeth earns $2200.00 per month. She deposits $200 into a savings account. The account yields a 6% interest per year. If she does not make another deposit, how much interest will she earn over two years?

• $12.00

• $24.00

• $212.00

• $224.00

Tags

CCSS.7.RP.A.3

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

• $7.50
• $26.25
• $87.5
• $262.50

Tags

CCSS.7.RP.A.3

Find the ending balance:
$1,400 at 4% for 60 months

• $1,456
• $1,680
• $280
• $1,703.31

Tags

CCSS.7.RP.A.3

Find the interest: 
$26,500 at 12% for 7 years

• $22,260
• $2,226,000
• $2,252,500
• $48,760

Tags

CCSS.7.RP.A.3

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

• It

• Interest

• the Headless Iron Man

• Ignoramus

Tags

CCSS.7.RP.A.3

How much simple interest

is earned?

$750 at 6% for 3 years

• $1.35

• $13.50

• $135

• $1350

Tags

CCSS.7.RP.A.3