what does "t" represent when you find the interest owed when you borrow money
What is the amount of time money is borrowed
100
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?
100
$1050 4.6% 2 years
What is $96.60 in 2 years
100
change 70% to a decimal
What is 0.70
200
the amount paid or earned for the use of money
What is simple interest
200
Raini has $750 in a savings account that pays 3% simple interest. How much interest will he earn in 9 months?
What is about 16.88
200
$250, 2.85%, 3 years
What is $21.380 in 3 years?
200
change 1.5% to a decimal
What is .015
300
the amount of money deposited or invested
What is principal
300
* 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 month?
What is $610.50?
300
$500, 3.75% 1 year
What is $18.75 in 1 year?
300
change 2.85% to a decimal
What is 0.0285
400
`annual interest rate written as a decimal
What is "R" in the simple interst form?
400
*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?