

Simple Interest
Presentation
•
Mathematics
•
7th - 8th Grade
•
Medium
+2
Standards-aligned
Maria Dove-Thaggard
Used 316+ times
FREE Resource
3 Slides • 13 Questions
1
Standard: 7.RP.3
Use scale factors and unit rates in proportional relationships to solve ratio and percent problems.
I can solve problems with simple interest.
2
I=Prt
I=Interest, P=Principal, r=Rate as a decimal, T=Time in years
3
Multiple Choice
The simple interest formula is I=Prt. The P represents the principal. The principal 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
4
Multiple Choice
fraction
decimal
ratio
dollar amount
5
Multiple Choice
Add 12 to the months
divide the months by 12
multiply 12 times the months
You cannot change it to months.
6
Multiple Choice
18 Years
1.5 Years
.18 Years
You cannot change it to years.
7
Multiple Choice
fraction
decimal
percent
money
8
Multiple Choice
4.3%
4.3
.43
.043
4300
9
Multiple Choice
.725
0.725
0.0725
7.25
10
Multiple Choice
Interest rate =5%
Time = 5 years
What is the interest earned?
95
105
125
135
11
Multiple Choice
You borrowed 43,800 at a SIMPLE interest rate of 4.8%. If you pay it back in 2 years, how much interest is paid pack?
$464,280
$85,848
$4204.8
$48,004.80
12
Multiple Choice
$900
$100,000
$9,000
13
Multiple Choice
$4,179
$417.91
$133,930
$41,791
14
Multiple Choice
$4,264.00
$1,104.00
$1,100.00
$4,400.00
15
Multiple Choice
6%
6%
8%
9%
16
OMS 4.14 Solve Problems with Percent
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Practice
Some text here about the topic of discussion
Standard: 7.RP.3
Use scale factors and unit rates in proportional relationships to solve ratio and percent problems.
I can solve problems with simple interest.
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