Vocab Simple and Compound Interrest

What does the variable p stand for in I = prt?

• price

• principal

• perimeter

• primary

What does the variable I stand for in I = prt?

• interesting

• insert

• interest

• inflation

• ratio

• reciprocal

• rational number

• rate

• number

• number of times it compounds

• number of interest rates

• number of loans

Write 2.5% as a decimal

• 2.5

• 0.25

• 0.025

• 0.0025

How many years is 3 months?

• 0.25

• 0.5

• 0.75

What is the formula to find simple interest?

• P = irt

• I = prt

• I = brt

• I = pyt

What is the correct decimal for 12.2%

• 0.122

• 0.0122

• 1.22

• 0.00122

How many years is 30 months?

• 1.5

• 2.5

• 3

• 3.5

• time in weeks

• time in days

• time in months

• time in years