Simple Interest

What does the 'r' in the interest formula stand for?

The Principal and Interest are always___________.

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

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

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

What is the formula for calculating Simple Interest?

If the Principal is $500 and the interest rate is 4% for 5 years, what is the total interest earned?

How do you convert a percentage to a decimal?

What is the total amount to be paid back if the Principal is $1000, the interest rate is 5%, and the time is 3 years?

What is the difference between Simple Interest and Compound Interest?