What is the formula for calculating simple interest?
STAAR Math Review

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Mathematics
•
7th - 8th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Simple Interest = Principal × Rate × Time
2.
FLASHCARD QUESTION
Front
How do you isolate a variable in an equation?
Back
To isolate a variable, perform inverse operations on both sides of the equation until the variable is alone.
3.
FLASHCARD QUESTION
Front
What is the slope-intercept form of a linear equation?
Back
The slope-intercept form is y = mx + b, where m is the slope and b is the y-intercept.
4.
FLASHCARD QUESTION
Front
How do you find the slope of a line given two points (x1, y1) and (x2, y2)?
Back
Slope (m) = (y2 - y1) / (x2 - x1).
5.
FLASHCARD QUESTION
Front
What does it mean for an equation to be in standard form?
Back
An equation is in standard form if it is written as Ax + By = C, where A, B, and C are integers.
6.
FLASHCARD QUESTION
Front
How do you convert a percentage to a decimal?
Back
To convert a percentage to a decimal, divide by 100.
7.
FLASHCARD QUESTION
Front
What is the relationship between the principal, interest rate, and time in a simple interest problem?
Back
The total interest earned is directly proportional to the principal amount, the interest rate, and the time period.
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