Simple Interest
Presentation
•
Mathematics
•
8th Grade
•
Easy
Darius Wilson
Used 5+ times
FREE Resource
7 Slides • 9 Questions
1
2
P=Principal or starting amount
r= Rate( percent that is converted to a decimal always. Move the decimal twice to the left)
t=Time (expressed in years or months)
3
Multiple Choice
The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a______.
Fraction
Decimal
Ratio
Dollar Amount
4
Multiple Choice
Write the percent as a decimal 37%
37
3.7
.37
5
Multiple Choice
4.3%
4.3
.43
.043
4300
6
Question #1
Ivan deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?
7
Dropdown
What is the principle?
What is the rate?
What is the time?
8
Ivan deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?
9
Math Response
Ivan deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?
10
Question #2
Maria deposits $300 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 5 years?
11
Drag and Drop
I = P⋅r⋅t
= (
12
Maria deposits $300 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 5 years?
13
Math Response
Maria deposits $300 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 5 years?
14
Multiple Choice
Emilio borrows $1200 from a bank with 8.5% simple interest per year. How much will he have to pay back total in 2 years?
$204
$996
$1,020
$1,404
15
Multiple Choice
Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% simple interest. If she spent $7400 on furniture, how much will she have paid in total after 8 years?
$5624
$13,024
$56,240
$1302.40
16
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