What is simple interest?
7th Staar Review

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•
Mathematics
•
7th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
Simple interest is calculated using the formula: Interest = Principal x Rate x Time. It is the interest calculated only on the principal amount, not on the interest accrued.
2.
FLASHCARD QUESTION
Front
How do you calculate total amount to be paid back with simple interest?
Back
Total Amount = Principal + Interest. First, calculate the interest using the formula, then add it to the principal.
3.
FLASHCARD QUESTION
Front
If Emilio borrows $1200 at 8% simple interest for 2 years, how much interest does he pay?
Back
Interest = $1200 x 0.08 x 2 = $192.
4.
FLASHCARD QUESTION
Front
What is the total amount Emilio has to pay back after 2 years?
Back
Total Amount = Principal + Interest = $1200 + $192 = $1392.
5.
FLASHCARD QUESTION
Front
What is a combination in mathematics?
Back
A combination is a selection of items from a larger set where the order does not matter.
6.
FLASHCARD QUESTION
Front
If Darla can choose 3 entrées and 4 sides, how many combinations can she make?
Back
Combinations = Number of Entrées x Number of Sides = 3 x 4 = 12.
7.
FLASHCARD QUESTION
Front
How do you solve the equation 3x - 5 = 52?
Back
Add 5 to both sides: 3x = 57. Then divide by 3: x = 19.
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