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- 1. Multiple ChoiceEmilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?$150$192$1350$1392
- 2. Multiple ChoicePrincipal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?95105125135 - 3. Multiple ChoiceDan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?$120$144$1,200$1,440
- 4. Multiple ChoiceJenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?6%6%8%9%
- 5. Multiple ChoiceThe simple interest formula is I=Prt. What does the t represent?PrincipleInterestTime, in hoursTime, in years
- 6. Multiple ChoiceConvert 18 months to years.18 Years1.5 Years.18 YearsYou cannot change it to years.
- 7. Multiple ChoiceWrite the decimal as a percent.
0.3737%3.7%.37% - 8. Multiple ChoiceWrite the percent as a decimal.
4.3%4.3.43.0434300 - 9. Multiple ChoiceWhat does the "I" in the interest formula stand for?ImportantInterestInternetIgloo
- 10. Multiple ChoiceWhat does the "r" in the interest formula stand for?PrincipalInterestratetime
- 11. Multiple ChoiceThe Principal and Interest are always___________.fractiondecimalpercentmoney
- Answer choicesTagsAnswer choicesTags