Simple Interest Practice
Flashcard
•
Mathematics
•
6th Grade
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is Simple Interest?
Back
Simple Interest is the interest calculated on the principal amount only, without compounding. It is calculated using the formula: SI = P * r * t, where P is the principal, r is the rate of interest, and t is the time in years.
2.
FLASHCARD QUESTION
Front
What is the formula for calculating Simple Interest?
Back
The formula for calculating Simple Interest (SI) is: SI = P * r * t, where P is the principal amount, r is the rate of interest (in decimal), and t is the time (in years).
3.
FLASHCARD QUESTION
Front
If you invest $350 at an interest rate of 2.5% for 3 years, how much interest will you earn?
Back
$26.25
4.
FLASHCARD QUESTION
Front
Olivia buys furniture for $7400 on credit with a 9.5% interest rate. How much interest will she pay after 8 years?
Back
$5,624
5.
FLASHCARD QUESTION
Front
Jack deposited $1,400 and earned $294 in interest after 3 years. What is the simple interest rate?
Back
7%.
6.
FLASHCARD QUESTION
Front
Emily’s parents put $1500 in her account at an 8.25% interest rate. What will be the interest after 18 years?
Back
$2,227.50
7.
FLASHCARD QUESTION
Front
Twelve years ago, Claire deposited $1,800 at 2.5% interest. How much interest did she earn?
Back
$540.
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