Week 25 - Simple Interest

Write the decimal as a percent. 0.37

• 37%

• .37%

• 3.7%

• .037%

Write the percent as a decimal. 4.3%

• 4.3

• .043

• .43

• 4300

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

• Important

• Internet

• Interest

• Igloo

Tags

CCSS.7.RP.A.3

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

• Principle

• Time, in hours

• Interest

• Time, in years

Tags

CCSS.8.EE.C.7B

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

• responsible

• rate

• rich

• regular

Principal = $500, Interest rate = 5%, Time = 5 years. What is the interest earned?

• $95

• $125

• $105

• $135

Tags

CCSS.7.RP.A.3

 Ashley borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?

• 900%

• .09

• 9/100

• 9%

Tags

CCSS.6.EE.B.7

The Principal and Interest are always___________.

• fraction

• percent

• decimal

• money

 

What is the interest earned on a savings account over 2 years, given a principal of $200 and a rate of 5%?

• $5

• $20

• $25

• $2

Tags

CCSS.7.RP.A.3

What is the simple interest on a housing loan of $350,000, over 30 years with a rate of 4.5%?

• $350,000

• $350,000

• $47,250

• $472,500

Tags

CCSS.7.RP.A.3