8.12D Simple and Compound interest

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.7.RP.A.3

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

• $800
• $1,000
• $1,200
• $1,500

Tags

TEKS.MATH.7.4D

The rate is given as a percent (%).  Before using it in the simple interest formula, you must first convert it to a______.

• fraction
• decimal
• ratio
• dollar amount

Tags

TEKS.MATH.7.4D

Write the percent as a decimal. 
4.3%

• 4.3
• .43
• .043
• 4300

Tags

TEKS.MATH.6.4E

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 year?

• $827.52
• $831.10
• $839.45
• $846.80

Tags

TEKS.MATH.2A.5B

TEKS.MATH.A.9C

View question in the picture then select the best answer

• A

• B

• C

• D

Tags

CCSS.7.RP.A.3

View question in the picture then select the best answer

• A

• B

• C

• D

Tags

CCSS.7.RP.A.3

View question in the picture then select the best answer

• A

• B

• C

• D

Tags

CCSS.7.RP.A.3

View question in the picture then select the best answer

• F

• G

• H

• J

Tags

CCSS.7.RP.A.3

View question in the picture then select the best answer

• A

• B

• C

• D

Tags

CCSS.7.RP.A.3