Percent Chapter Review

Jane received $875 from her graduation party. She put the money in a bank with a 4% simple interest rate. How much interest will she have earned after 7 years?

• $205

• $225

• $245

• $2,250

• $2,450

Veronica took out a 48 month loan of $5,500 to make some home improvements. At a simple interest rate of 3.25%, how much total will she pay?

• $ 6,740.25

• $ 6,215.00

• $ 6,393.75

• $ 6,575.50

• $ 6,036.25

What is the formula for simple interest?

• A=Prt

• I=Prt

• T=Pri

• Interest

Write the percent as a decimal 4.3%

• 4300

• 4.3

• .43

• .043

Write the percent as a decimal 17%

• 17

• .017

• 1.7

• .17

Find the simple interest.

$2000 at 9% interest for 4 years

6 months is what in years?

• 6

• 1.5

• .5

• .6

Match the following percents to the correct decimal

• .042

• 91%

• .091

• 9.1%

• .42

• 12%

• .91

• 4.2%

• .12

• 42%

Find the simple interest.

$318 at 9% for 1 year

• 2862

• 2.62

• 28.62

• 286.2

Find the simple interest.

$675 at 10% for 6 years

• 4.05

• 40.5

• 405

• 4050