

3Simple Interest
Presentation
•
Other
•
KG
•
Easy
Ashley Kellams
Used 3+ times
FREE Resource
19 Slides • 20 Questions
1
SIMPLE INTEREST
2
Poll
How has your MINIMUM FRIDAY been so far?
Good
Bad
Okay
Great
sleepy or stressed
3
SIMPLE INTEREST
4
Multiple Choice
Convert 250% to a decimal.
25.0
2.50
.250
.025
5
Multiple Choice
0.25
02.5
25
2500
6
Multiple Choice
0.02
0.2
2
20
7
Multiple Choice
1.2
12
0.12
120
8
9
Multiple Choice
What is the formula for simple interest?
T = pri
I = prt
R = ipt
P = irt
10
Multiple Choice
The "p" in I = prt stands for...
portion
pre-Algebra
percent
principal
11
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
12
Multiple Choice
What does the I in the interest formula stand for?
installment
investment
interest
13
Multiple Choice
The "t" or time must always be expressed in...
months
days
years
hours
14
Multiple Choice
Principle
Interest
Time
Percent Rate
15
Multiple Choice
If you borrow money for 5 months, what do you use for your formula?
.05
5/12
0.5
5/52
16
Multiple Choice
What does the r in the interest formula stand for?
repayment
rate
ratio
17
Multiple Choice
fraction
decimal
ratio
dollar amount
18
Round to the nearest hundredth. No half pennies until we talk about investing (or debt) [Stay away from debt!!!!!].
19
20
21
Match
Interest
I
Prinicpal
p
Rate
r
Time
t
55
500
missing
5
55
500
missing
5
22
23
24
Match
Interest
I
Prinicpal
p
Rate
r
Time
t
missing
318
.09
1
missing
318
.09
1
25
26
27
Match
Interest
I
Prinicpal
p
Rate
r
Time
t
TOTAL PAYMENT
11,000
9,000
missing
10
20,000
11,000
9,000
missing
10
20,000
28
29
30
Match
Interest
I
Prinicpal
p
Rate
r
Time
t
200
4000
.02
missing
200
4000
.02
missing
31
32
33
Match
Interest
I
Prinicpal
p
Rate
r
Time
t
TOTAL PAYMENT
2,320
8000
missing
4
10,320
2,320
8000
missing
4
10,320
34
35
36
Match
Interest
I
Prinicpal
p
Rate
r
Time
t
11,000
9000
missing
10
11,000
9000
missing
10
37
38
39
SIMPLE INTEREST
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