Simple Interest 8.12D

Emilio borrows $1200 from a bank with 8% simple interest.  After 2 years, how much money will Emilio have paid back?

• $150
• $192
• $1350
• $1392

Tags

CCSS.7.RP.A.3

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest will Dan have to pay after 6 months?

• $120
• $144
• $1,200
• $1,440

Tags

CCSS.7.RP.A.3

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% in simple interest. What will be his account balance after 15 years?

• $270.75
• $745.75
• $2,707.50
• $846.80

Tags

CCSS.7.RP.A.3

Elizabeth earns $2200.00 per month. She deposits $200 into a savings account. The account yields a 6% interest per year. If she does not make another deposit, how much interest will she earn over two years?

• $12.00

• $24.00

• $212.00

• $224.00

Tags

CCSS.7.RP.A.3

Elizabeth earns $2200.00 per month. She deposits $200 into a savings account. The account yields a 6% interest per year. If she does not make another deposit, how much total will she have in savings after 5 years?

• $206.00

• $260.00

• $60.00

• $212.00

Tags

CCSS.HSF.BF.A.2

1) Gabby invested $100 into a savings account that earned simple interest at a rate of 1.5%.  She plans to keep the money in the account for the next ten years.  How much would she have in the account at the end of ten years?

• $15
• $115       
• $116.05
• $1,500

Tags

CCSS.7.RP.A.3

2) Jacob invested $400 into a savings account that earned simple interest at a rate of 1.25%.  He plans to keep it in the account for the next 10 years.  How much interest would he gain in the account after 10 years?

• $50
• $450       
• $500       
• $5,000

Tags

CCSS.HSF.BF.A.2

The simple interest formula is I=Prt.  The P represents the principle.  The principle is ___________________. 

• the amount of money borrowed or deposited
• the amount taxed
• the percent interest for this year
• the amount the bank owes you for being a customer at their bank

Tags

CCSS.7.RP.A.3

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

I = Prt where r represents the rate.  Rates must be converted into ____ before multiplying.

• fractions
• mixed numbers
• decimals
• integers

Tags

CCSS.7.RP.A.3