TEKS.MATH.7.13E

The simple interest formula is I=Prt.  What does the t represent?

• Principle
• Interest
• Time
• Percent Rate

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TEKS.MATH.7.13E

Robert invested $200 in a retirement account that had a rate of 20% that compounds annually.  If Robert leaves his money in for 3 years, how much money will be in his account rounded to the nearest cent?

• $240.50
• $300.60
• $288.00
• $345.60

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TEKS.MATH.7.4D

TEKS.MATH.7.13E

If the balance at the end of eight years on an investment of $630 that has been invested at a rate of 9%, how much was the interest?

• $453.60
• $523.75
• $633.55
• $357.50

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TEKS.MATH.7.4D

TEKS.MATH.7.13E

Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?

• 95
• 105
• 125
• 135

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TEKS.MATH.7.4D

TEKS.MATH.7.13E

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

• Principal
• Interest
• rate
• time

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TEKS.MATH.7.13E

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

• Principal
• Interest
• rate
• time

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TEKS.MATH.7.13E

Ricco deposits $500 in an account that earns 2.5% interest compounded annually for 3 years.  Wally deposits $500 in an account that earns 5.1% interest compounded annually for 2 years.  Who will earn the greatest amount of interest?

• Ricco will earn $13.85 more than Wally
• Wally will earn $13.85 more than Ricco

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TEKS.MATH.7.13E

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?
**Formula Chart Simple Interest**

• $150
• $192
• $1350
• $1392

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TEKS.MATH.7.13E

What does P stand for in I = Prt ?

• percent
• partner
• percent change
• principal

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TEKS.MATH.7.13E

Ann puts $300 in a bank account earning 4% interest.  How much will she earn in interest in 1 year?

• 4
• 8
• 12
• 16

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TEKS.MATH.7.4D

TEKS.MATH.7.13E