Simple Interest Practice
Flashcard
•
Mathematics
•
7th Grade
•
Hard
Wayground Content
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is the formula for calculating simple interest?
Back
I = P * r * t, where I is interest, P is principal, r is rate, and t is time.
2.
FLASHCARD QUESTION
Front
In the simple interest formula I = P * r * t, what does 'P' represent?
Back
P represents the principal, which is the initial amount of money invested or borrowed.
3.
FLASHCARD QUESTION
Front
In the simple interest formula I = P * r * t, what does 'r' represent?
Back
r represents the rate of interest, expressed as a decimal.
4.
FLASHCARD QUESTION
Front
In the simple interest formula I = P * r * t, what does 't' represent?
Back
t represents the time the money is invested or borrowed, typically in years.
5.
FLASHCARD QUESTION
Front
If Tina invested $2,000 at an 8% interest rate for 5 years, how much interest did she earn?
Back
$800
6.
FLASHCARD QUESTION
Front
If Emilio borrows $1,200 at an 8.5% interest rate for 2 years, what will be the total amount he has to pay back?
Back
$1,404
7.
FLASHCARD QUESTION
Front
You lend $240 to a friend and he pays you back $270. What is the interest rate charged?
Back
12.5%.
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
14 questions
Operations of Sets
Flashcard
•
7th Grade
10 questions
7.E.1.2 Water Cycle
Flashcard
•
7th Grade
14 questions
Travel and transportation _ Phrasal verb_unit 4
Flashcard
•
7th Grade
10 questions
翰林國中英語_8下U3文法_使役動詞
Flashcard
•
8th Grade
10 questions
Number Patterns
Flashcard
•
6th Grade
7 questions
Cell Division
Flashcard
•
6th - 8th Grade
15 questions
Flashcard review for TLE Quiz 1
Flashcard
•
6th - 8th Grade
10 questions
Forming equations
Flashcard
•
6th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
11 questions
NEASC Extended Advisory
Lesson
•
9th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
Discover more resources for Mathematics
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
16 questions
Adding and Subtracting Integers
Quiz
•
7th Grade
20 questions
Triangle Sum and Exterior Angle Theorem Practice
Quiz
•
7th Grade
20 questions
Perfect Squares and Square Roots
Quiz
•
7th Grade
10 questions
Solving two-step equations
Quiz
•
7th Grade
15 questions
Two Step Equations
Quiz
•
7th - 8th Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
20 questions
Proportional Relationships
Quiz
•
7th Grade