(7) Simple Interest (3-6)
Flashcard
•
Mathematics
•
6th - 8th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What are the three elements needed to calculate Simple Interest?
Back
Principal, Rate, Time
2.
FLASHCARD QUESTION
Front
If Meghan borrows $8650 at 4.5% interest for 5 years, how much interest will she pay back?
Back
$1946.25
3.
FLASHCARD QUESTION
Front
Nan invested $6,000 at 3% annual interest. How much will she have after 4 years?
Back
$6720
4.
FLASHCARD QUESTION
Front
Bob deposited $15,000 at 15% annual interest. How much will he have after 1 year?
Back
$17,250
5.
FLASHCARD QUESTION
Front
Joe deposited $1000 into a College Fund at 4% annual interest. How much will he have after 18 years?
Back
$1720
6.
FLASHCARD QUESTION
Front
Define Simple Interest.
Back
Simple Interest is the interest calculated on the principal amount only, without compounding.
7.
FLASHCARD QUESTION
Front
What is the formula for calculating Simple Interest?
Back
Simple Interest = Principal × Rate × Time
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
