VOCABULARY

VOCABULARY

WORD PROBLEMS

I = prt

PERCENT TO DECIMAL

Formulas

100

The "t" represents this when you find the interest owed when you borrow money.

What is time.

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?

100

This is the interest when you invest $1050 at 4.6% for 2 years.

What is $96.60?

100

This is 73% to as a decimal.

What is 0.73?

100

This formula is used to find simple interest.

What is I = prt?

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. This is how much interest will he earn in 9 months.

What is about $16.88?

200

This is the interest when you borrow $250 at 2.85% for 3 years.

What is $21.38?

200

This is 1.5% as a decimal.

What is .015?

200

This formula is used to find perimeter of a rectangle.

What P = 2l + 2w?

300

The amount of money deposited or invested.

What is the principal?

300

Cory charged a $600 TV on his credit card with an interest 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

This is the interest when you borrow $500 at 3.75% for 6 months.

What is $9.38?

300

This is 2.85% as a decimal.

What is 0.0285?

300

This formula is used to find distance.

What is D = rt

400

The "r" in the simple interest formula.

What is the rate?

400

Marcus saved his earnings to pay for college.
He deposits $1,800 for 2 years and earns $144. How much money will have have at the end of two years?

What is $1,944?

400

This is the interest when you invest $3,000 at 5.5%, for 2 years and 6 months.

What is $412.50

400

This is 6 and 6/12% as a decimal.

What is 0.065?

400

This formula is used to find the total when calculating interest.

Ta = p + I

500

The sum of the principal and the interest is called this.

What is the total amount?

500

Sarah deposited $950. At the end of 12 years, her balance was $1,175. This is the amount of interest she earned.

What is $225?

500

This is the total to be repaid when you borrow $8,125 at 1.2% for 9 nine months.

What is $8,198.11?

500

This is 0.0123% as a decimal.

What is 0.000123

500

This formula is used to find Fahrenheit temperature given Celsius temperature.

What is F = 1.8C + 32