Simple Interest

How do you write 23% as a decimal?

• 23.0

• 2.3

• 0.23

• 0.023

How do you write 5% as a decimal?

• 5.0

• 0.5

• 0.05

• 0.005

What is 5.6% written as a decimal?

• 5.6

• 0.56

• 0.056

• 0.0056

What is the formula for simple interest?

• A=P(1+r)^t
• I=Prt
• I=P(1+r)t
• A=Prt

Tags

CCSS.8.EE.C.7B

the time has to be in _____________

• years

• months

• days

• seconds

Tags

CCSS.4.MD.A.1

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

• Important
• Interest
• Internet
• Igloo

Tags

CCSS.7.EE.B.4A

Find the simple interest:
Principal: $6,000
Interest Rate: 5%
Time: 6 months

• $150
• $1,800
• $1,500
• $15,000

Tags

CCSS.7.RP.A.3

A bank is offering 2.5% simple interest on a savings account.  If you deposit $5,000, how much interest will you earn in three years?

• $5375
• $375
• $37500
• $42500

Tags

CCSS.7.RP.A.3

9 months is how many years?

• .5
• .75
• .25

Tags

CCSS.4.MD.A.1

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?

• $120
• $144
• $1,200
• $1,440

Tags

CCSS.7.RP.A.3