Simple Interest Vobabulary
How much interest
What's the total
Mix
100
The letter R stands for?
What is rate
100
$2000, 7% (0.07), 4 years
What is $560
100

What does A stand for ?

Total amount

100
$7895, 7% (0.07), 2 years
What is $1105.30
200

The money you borrowed or invest is called what ?

Principle (P)

200
$5000, 4% (0.04), 2 years
What is $400
200

What is the formula to find A (total)

A = P + I

200

Calculate the total amount: Principal: $8246 Interest: $967

What is $9213

300

The money you earn/pay on your principle 

Interest (I)

300
$800, 5% (0.05), 9 months
What is $30
300

If Mia put $4560 in the bank and she earned $274 in interest what is the total amount of money Mia has ?

What is $4834

300

Mustafa puts $6600 in a 4-year GIC. The interest rate is 4% per year. a) How much simple interest does he earn?

$1056

400

What does T stand for?

What is time

400
$1000, 6% (0.06), 15 months
What is $75
400

If Muhammed put $3892 and earned 5% interest, what is the total amount he made ?

$4086.6

400

Muhammed invests $8200 in an 18-month GIC. The interest rate is 8% per annum:  b) What is the total amount after 18 months?

What is $9184

500
What is the formula we use to find simple interest?
What is I=Prt
500
$4500, 8% (0.08), 5 years
What is 1800
500

If Cris puts $6500 into the bank and makes 3.5% interest for 3 years. How much total money will Cris have after 3 years ?

$7182

500

Cris has $250 dollar and he lets Andy borrow $100. The interest rate is 5% per month. How much total money will Cris have afer 1 year ?

$310

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