Financial Math: Simple Interest

Find the simple interest after two years.

Principal= $2500

Annual rate of interest= 8%

Interest= ?

Tags

CCSS.HSF.BF.A.2

Find the total amount after five years.

Principal= $1,000

Annual rate of interest= 7.5%

Total with Interest= ?

Tags

CCSS.HSF.BF.A.2

Find the annual percentage rate if the period of time is five years.

Principal= $1,000

Annual rate of interest= ?

Total with Interest= $2,250

Tags

CCSS.8.EE.C.7B

Luis deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?

What is the principal? ​ (a)  

What is the rate? ​ (b)  

What is the time? ​ (c)  

• $5,000
• 5%
• 3 years

Tags

CCSS.HSF.BF.A.2

Blayne deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?

Mathematical Equivalence

ON

Tags

CCSS.7.RP.A.3

• $300
• 6%
• 5 years
• $90

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CCSS.7.RP.A.3

Jane deposits $3000 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 5 years?

Mathematical Equivalence

ON

Tags

CCSS.7.RP.A.3

Jenna borrowed $500 from a bank for 2 years and was charged simple interest. The total interest that she paid on the loan was $70. As a percentage, what was the annual interest rate of her loan?

Match the following

• Interest (I)

• 2

• time (t)

• 70

• rate (r)

• Unknown

• Principal (P)

• 500

Tags

CCSS.7.RP.A.3

Lexi borrowed $500 from a bank for 2 years and was charged simple interest. The total interest that she paid on the loan was $70. As a percentage, what was the annual interest rate of her loan?

Write your answer as a percentage, not the decimal equivalent.

Mathematical Equivalence

ON

Tags

CCSS.8.EE.C.7B

Carson invested in a savings bond for 6 years and was paid simple interest at an annual rate of 3%. The total interest that he earned was $540. How much did he invest?

Mathematical Equivalence

OFF

Tags

CCSS.7.RP.A.3