SIMPLE INTEREST

The money you borrow or invest is called __________?

• Simple Interest

• Rate

• Principal

• Time

Tags

CCSS.7.RP.A.3

The extra money created on the money borrowed is called________?

• Amount

• Rate

• Interest

• Principal

Tags

CCSS.7.RP.A.3

Amount is equal to __________?

• Rate + Time

• Principal + Interest

• Interest + Rate

• Principal + Time

Tags

CCSS.8.EE.C.7B

If ,Principal = $500

Interest rate =5%

Time = 5 years

what is the interest earned?

• 95

• 105

• 125

• 135

Tags

CCSS.7.RP.A.3

Emilio borrows $1,200 from a bank at a rate of 8% per year. How much will he have to pay back in total after 2 years?

• $150

• $192

• $1350

• $1392

Tags

CCSS.7.RP.A.3

What does the "R" in the simple interest formula stand for?

• Principal

• Interest

• Rate

• Time

Maria borrowed $3,000 at a rate of 4% per year. How much did she have to repay after 4 years?

• $480

• $3,480

• $4,800

• $7,800

Tags

CCSS.7.RP.A.3

Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 years.

• $300

• $540

• $500

• $400

Tags

CCSS.7.RP.A.3

Find the simple interest earned when the principal is N400 at a rate of 3% held in the bank for 2 years.

• N30

• N54

• N24

• N40

How long will it take for N300 to earn an interest of N45 at a rate of 3%?

• 3 years

• 5 years

• 4 years

• 2 years