What is the formula to calculate simple interest?
April 29 Mcap 7th Math

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Mathematics
•
7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Simple Interest = Principal × Rate × Time
2.
FLASHCARD QUESTION
Front
If the principal is $500, the interest rate is 5%, and the time is 5 years, what is the interest earned?
Back
$125
3.
FLASHCARD QUESTION
Front
How do you calculate the percentage decrease from an original value to a new value?
Back
Percentage Decrease = ((Original - New) / Original) × 100
4.
FLASHCARD QUESTION
Front
If the original value is 80 and the new value is 52, what is the percentage decrease?
Back
35% decrease
5.
FLASHCARD QUESTION
Front
What is the total amount to be paid back if you borrow $1200 at 8% simple interest for 2 years?
Back
$1392
6.
FLASHCARD QUESTION
Front
How do you calculate a tip based on a percentage of the bill?
Back
Tip = Bill Amount × Tip Percentage
7.
FLASHCARD QUESTION
Front
If the bill is $8.50 and the tip percentage is 20%, how much is the tip?
Back
$1.70
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