VOCABULARY
what does "t" represent when you find the interest owed when you borrow money
What is the amount of time money is 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 if he takes 2 years to repay the loan?
What is $192 in interest in 2 years?
the amount paid or earned for the use of money
What is simple interest
Raini has $750 in a savings account that pays 3% simple interest. How much interest will he earn in 9 years?
What is $202.50?
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 principal
* Cory charged a $600 TV on his credit card with an interst rate of 21%. If he has no other charges on the card, how much will he owe after one year?
What is $126?
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
What part of the equation I=p x r x t does annual interest rate represent as a decimal
What is "R" in the simple interst form?
*Marcus has $1,800 from his summer job to invest. Suppose he invests the $1,800 for 2 years and earns $144. What is the rate of interst?
What is 4%?
change 159% to a decimal
What is 1.59