VOCABULARY
What the "t" represents when you find the interest owed on borrow money.
What is the amount of time the money was borrowed?
Emilio's father borrows $1,200 from the bank for a riding lawn mower. The interest rate is 8% per year. How much simple interest will he pay if he takes 2 years to repay the loan?
What is $192 in interest in 2 years?
Megan deposited $1050 at a simple interest rate 4.6% for 2 years. How much interest did Megan earn?
What is $96.60 in 2 years?
Convert 69% to a decimal
What is 0.69?
3(4x-2.5)+16y - 5x
What is 7x-6+16y?
The amount paid or earned for the use of money.
What is simple interest?
Ingrid has $750 in a savings account that pays 3% simple interest. How much interest will she earn in 9 months?
What is $16.88?
Eva borrowed $250 at a simple interest rate of 2.85% for 3 years. What is the total amount Eva owes in 3 years?
What is $271.38?
Convert 1.5% to a decimal
What is .015?
A sound system has a regular price of $249. Find the total cost if it is on sale for 50% off and the sales tax is 5.75%.
What is $131.66?
The amount of money deposited or invested.
What is the principal?
Frederick purchased a $600 television on his credit card that had an interest rate of 21%. If he has no other charges on the card, how much will he be charged after one month?
What is $10.50?
Mrs. Bruno took out a loan for $500 with a simple interest rate 3.75% for 1 year. How much interest will Mrs. Bruno owe?
What is $18.75?
Convert 2.85% to a decimal.
What is 0.0285?
Multiple Choice. A baseball cap at the mall costs $14.95. It is on sale for 30% off. What is the sale price to the nearest cent? A)$4.49 B)$10.47 C)$10.50 D)$10.65
What is B)$10.47
The annual interest rate written as a decimal.
What is "R" or the simple interest rate?
Yavindra would to invest the $1,800 he earned from his summer job. If he invests the $1,800 for 2 years and earns $144, what was the rate of interest?
What is 4%?
Mr. Sullivan deposited $4,000 with a simple interest rate of 5.5% for 2 years. How much money will Mr. Sullivan have in his bank account after two years?
What is $4,440?
Convert 6.5% to a decimal.
What is 0.065?
Saheed took a taxi to school. The taxi charged a flat fee of $5, plus $1.75 per mile. Saheed paid $13.75 for the trip to school. How many miles was the taxi ride?
What is 5 miles?