Simple Interest

What is the equation for interest?

• I=P/R/T

• I = P+R-T

• I=PR/T

• I=PxRxT

In the equation, I stands for interest rate.

• True
• False

Tags

CCSS.7.EE.B.4A

What does the R stand for in the equation?

• Rate

• Ratio

• Radical

• Rat

Tags

CCSS.8.EE.A.2

What unit do we use for time?

• Time

• Years

• Weeks

• Days

Tags

CCSS.4.MD.A.1

What does P mean when calculating interest?

• Prince

• Principal

• Pi

• Percent

Tags

CCSS.6.RP.A.3C

• F

• G

• H

• J

Tags

CCSS.7.RP.A.3

View question in the picture then select the best answer

• F

• G

• H

• J

Tags

CCSS.7.RP.A.3

• A

• B

• C

• D

Tags

CCSS.7.RP.A.3

When you pay back a loan, you not only pay the amount you borrowed, you also pay it back with _____________

• Interest

• Deposit

• Withdrawal

• Checking

Tags

4.10.E

A charge for borrowed money. ​ ​

• interest
• loan

• borrower
• income

• principal

Tags

CCSS.7.RP.A.3