Ratio and proportion

Find the balance in the account after the given period.

$12,000 principal earing 4.8% compounded annually after 7 years.

• $3,243.19

• $16,661.35

• $15,243.19

• $4,661.35

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CCSS.7.RP.A.3

If you borrow $5000 to buy new clothes for 3 years at a rate of 6%, how much interest will you pay?

• $1,900

• $90,000

• $5,900

• $900.00

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CCSS.7.RP.A.3

• 10

• 5

• 9

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CCSS.7.RP.A.3

Moe and Ray need to take a loan out for $2,500 to repair their van. They can borrow from Bank A at a simple interest rate of 5.25% for 2 years or from Bank B at a simple interest rate of 6.5% for 1.5 years. Which bank is the better deal and how much money will they save?

• Bank A is the better deal. They will save $18.75

• Bank A is the better deal. They will save $187.50

• Bank B is the better deal. They will save $18.75

• Bank B is the better deal. They will save $187.50

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CCSS.7.RP.A.3

 $\frac{x}{-5}<2$  

•  $x>10$  

•  $x<10$  

•  $x>-10$  

•  $x<-10$  

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CCSS.7.RP.A.3

Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much interest will she earn in 10 years?

• $915.59

• $933.28

• $979.81

• $1,005.09

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CCSS.7.RP.A.3

What equation is used to find Simple Interest?

• 
• 
• 
• 

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CCSS.7.RP.A.3

Chad bought a pair of jeans that cost $54, with an 8% sales tax.

What is the total cost of the jeans?

• $57.66

• $54.86

• $58.32

• $60.22

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CCSS.7.RP.A.3

A deposit earns $102 after 36 months at a simple interest rate of 5%

What are we solving the equation to find?

• rate

• time

• interest

• principal

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CCSS.7.RP.A.3

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

• Important
• Interest
• Internet
• Igloo

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CCSS.7.RP.A.3