General Mathematics - Simple and Compound Interest

___________________ is the interest earned when a loan or investment is repaid in a lumpsum.

Variable P in simple interest formula when you are the creditor stands for?

• Original Amount borrowed

• Original Amount invested

• Maturity Amount Borrowed

• Maturity Amount invested

Tags

CCSS.6.EE.B.7

Rate of interest must be converted into ________ before substituting to the

formula of finding the interest.

Tags

CCSS.6.RP.A.3B

Which of the following describes rate (r)?

• It is the amount of money borrowed or invested on the origin date.

• It is the amount paid or earned for the use of money.

• It is charged by the lender, or rate of increase of the investment

• It is computed on the principal and also on the accumulated past interests.

All of the following are used to find simple interest, EXCEPT?

• principal

• rate of interest

• time

• future value

Tags

CCSS.7.RP.A.3

It is computed on the original principal, the interest due after a certain time.

• Simple interest

• Principal

• Compound interest

• Final Amount

Tags

CCSS.8.EE.C.7B

It is the term of period of the loan.

• Rate

• Interest

• Principal

• Time

Tags

CCSS.8.EE.C.7B

It is the cost of using money expressed as percentage of the principal for a given period of time.

• Principal

• Time

• Rate

• Interest

Tags

CCSS.6.RP.A.3C

It is the amount borrowed/lent/loan/invested.

• Principal

• Time

• Rate

• Interest

In the formula, I= Prt, what is r?

• revenue

• real value

• rate of interest

• repaid

Tags

CCSS.6.EE.B.7