Simple Interest Review
Presentation
•
Mathematics
•
7th Grade
•
Hard
Standards-aligned
K'Yana McLean
Used 8+ times
FREE Resource
9 Slides • 9 Questions
1
by K'Yana McLean
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3
Multiple Choice
What proportion is set up correctly for the question:
Marcy borrowed money from the bank in order to buy the new iPhone, the new iPad Air and a pair of AirPods. The total amount of money that she needed to borrow was $4000. She set up a payment plan so she could pay the bank back in 3 years. The bank is going to charge her 10% interest per year. How much will she pay back in total?
103 = 4000x
10010 = 4000x
400010 = 3x
4000100 = 10x
4
5
Fill in the Blanks
What does x equal?
Type answer...
6
7
Multiple Choice
Now that we have solved for "x", what do we need to do next?
Nothing, we are finished with the question
Add the interest back to the starting value
Set up a proportion with the other problems in the questions
Multiple that answer by the number of years in the questions
8
9
Set up your proportion and solve for x
Multiply the value that you got for x by the time frame in the questions
Add the interest back to the original answer if you need to
10
Fill in the Blanks
Marcy borrowed money from the bank in order to buy the new iPhone, the new iPad Air and a pair of AirPods. The total amount of money that she needed to borrow was $4000. She set up a payment plan so she could pay the bank back in 3 years. The bank is going to charge her 10% interest per year. How much will she pay back in total?
Type answer...
11
12
Multiple Choice
13
14
Draw
Set up a proportion for this problem: You want to buy amazing christmas gifts for everyone in your family, but you are completely broke. You decide to get a loan for $775 and promise to pay the bank back in 6 months. The bank is going to charge you 11% interest. How much will you pay in total?
15
Multiple Choice
16
Multiple Choice
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Multiple Choice
Alexis opened an account with $35. The account she opened earns simple interest at a rate of 8.6%. How much money will her account have in 4 months?
$36.00
$38.01
by K'Yana McLean
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