Simple Interest

Principal = $500

Interest Rate = 5%

Time = 5 years

What is the interest earned?

• $95

• $125

• $105

• $135

Tags

CCSS.7.RP.A.3

The simple interest formula is I=PRT.  What does the T represent?

• Principal

• Time, in hours

• Interest

• Time, in years

Tags

CCSS.8.EE.C.7B

Write 0.37 as a percent (%)

• 37%

• .37%

• 3.7%

Write 4.3% as a decimal.

• 4.3

• .43

• 0.043

• 4300

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

• Principal

• Rate

• Time

• Interest

Tags

CCSS.7.RP.A.3

How much interest will be earned for principal of $2,000 at and 8% rate for 5 years.

• $160

• $80,000

• $800

• $16

Tags

CCSS.7.RP.A.3

Dan borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back IN TOTAL after 2 years?

• $150

• $1350

• $192

• $1392

Tags

CCSS.7.RP.A.3

Jenna 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?

• 6%
• 6%
• 8%
• 9%

Tags

CCSS.7.RP.A.3