VOCABULARY
what does "t" represent when you find the interest owed when you borrow money
What is the amount of "time" money is borrowed in years
Isabella'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 she pay if he if she takes 2 years to repay the loan?
What is $192 in interest in 2 years
Chris made simple interest on the following:
$1050 4.6% 2 years
What is $96.60 in 2 years
change 69% to a decimal
What is 0.69
Express 6% as a decimal?
What is 0.06
money earned or paid for the use of money
What is simple interest
Ragu 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 in 9 months
Adrian made simple interest on the following:
$250, 2.85%, 3 years
What is $21.380 in 3 years?
Convert 730 days into years?
What is 730/365 = 2 years
the amount of money invested (or owed)
What is principal "P"
Sahil put $600 in his bank account which pays simple interest of 21%. How much will he have in 6 months?
What is $63 in 6 months.
$500, 3.75% 1 year
What is $18.75 in 1 year?
Heather put $1500 in her bank account that earns an annual simple interest rate of 2.5%. She left that money there for 5 years. How much is in her account at the end of 5 years?
What is = initial deposit + interest
= $1500 + 187.50
= $1687.50
`annual interest rate written as a decimal
What is "r" in the simple interest form?
Tristin has $1,800 from his summer job to invest. He invests the $1,800 for 2 years at 3.5%. How much does he make in simple interest?
What is $126?
What is the equation for simple interest?
What is I = Prt