I=Prt

A youth group has a yard sale to raise money for a charity. The group earns $800 but decides to put its money in the bank for a while. Calculate the amount of money the group will have given the following scenarios:
Cool Bank pays simple interest at a rate of 4%, and the youth group leaves the money in for 3 years. 

• $896
• $927.42
• $800

Tags

CCSS.HSF.BF.A.2

A youth group has a yard sale to raise money for a charity. The group earns $800 but decides to put its money in the bank for a while. Calculate the amount of money the group will have given the following scenarios:   Hot Bank pays an interest rate of 3% compounded annually, and the youth group leaves the money in for 5 years.

• $800
• $927.42
• $896

A youth group has a yard sale to raise money for a charity. The group earns $𝟖𝟎𝟎 but decides to put its money in the bank for a while. Calculate the amount of money the group will have given the following scenarios and decide which is the better bank to go with:
Cool Bank pays simple interest at a rate of 𝟒%, and the youth group leaves the money in for 1 year.
OR
Hot Bank pays an interest rate of 𝟑% compounded annually, and the youth group leaves the money in for 1 year. 

• Cool Bank is the better place to invest.
• Hot Bank is the better place to invest.

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

• $7.50
• $26.25
• $87.5
• $262.50

Tags

CCSS.7.RP.A.3

The simple interest formula is I=Prt.  The P represents the principle.  The principle is ___________________.  

• the amount of money borrowed or deposited
• the percent interest for his year
• the amount taxed
• the amount the bank owes you for being a customer at their bank

Tags

CCSS.8.EE.C.7B

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?

• $150
• $192
• $1350
• $1392

Tags

CCSS.7.RP.A.3

Beyonce went to the mall and saw a massage chair that she would have to take a loan out for $6500 to purchase.  The bank said that she could get a simple interest rate of 8% for 5 years.  What is the total amount that Beyonce will pay for the chair?

• $2600
• $910
• $9100
• $260

Tags

CCSS.HSF.BF.A.2

Ann puts $300 in a bank account earning 4% interest.  How much will she earn in interest in 1 year?

• 4
• 8
• 12
• 16

Tags

CCSS.6.RP.A.3C

Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.

• 14
• 140
• 168
• 16.80

Tags

CCSS.7.RP.A.3

Caiden earned $475 from mowing lawns last summer.He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?

• $827.52                     (Mr. Williams)       
• $831.10                 (Mrs. Hoch)
• $839.45                    (Mr. Krajunus)
• $846.80                   (Ms. Palombo)

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2