simple and compound interest

Initial amount (Principal) = $600.
Interest rate = 2.5%
TIme = 3 years.
How much simple interest is earned?

• $45

• $26.25
• $87.50

• $13

Tags

CCSS.7.RP.A.3

Ann puts $300 in a bank account earning 4% interest.  How much will she earn in simple interest in 5 years?

• $44

• $28

• $12

• $60

Tags

CCSS.7.RP.A.3

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

• Principal
• Interest
• Rate
• Time

Tags

CCSS.8.EE.C.7B

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

• 95
• 105
• 125
• 135

Tags

CCSS.7.RP.A.3

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

• Principal
• Interest
• rate
• time

Tags

CCSS.8.EE.C.7B

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

• $160

• $800

• $80,000

• $16

Tags

CCSS.7.RP.A.3

Emily invests $200 in an account that earns 4% simple interest. What will her account balance be after 5 years?

• $320

• $750

• $185

• $240

• $720

Tags

CCSS.7.RP.A.3

Which type of interest is earned on both the principal plus and previous interest earned?

• simple interest

• compound interest

• both simple and compound

• neither simple nor compound

Tags

CCSS.8.EE.B.5

Money borrowed with the expectation of future repayment is called ___.

• interest

• term

• credit

• minimum payment

The charge for the privilege of borrowing money is known as ___.

• interest

• term

• credit

• minimum payment

Tags

CCSS.7.RP.A.3