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The simple interest formula is I=Prt. What does the t represent?
3 years
$9100
9%
$495
Time, in years
$120
$1392
$745.75
Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% in simple interest. What will be his balance after 15 years?
3 years
$9100
9%
$495
Time, in years
$120
$1392
$745.75
Jenna 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?
3 years
$9100
9%
$495
Time, in years
$120
$1392
$745.75
How much simple interest would be earned on a savings account of $4,500 at 5.5% interest per year after 24 months?
3 years
$9100
9%
$495
Time, in years
$120
$1392
$745.75
Dan borrowed $2,000 for 6 MONTHS at 12% annual simple interest rate. How much interest is that?
3 years
$9100
9%
$495
Time, in years
$120
$1392
$745.75
You invest $500 at 4% rate and receive $60 in simple interest. How many years was it invested for?
3 years
$9100
9%
$495
Time, in years
$120
$1392
$745.75
Beyonce went to the mall and saw a massage chair that she would have to take a loan out for $6500 to purchase. The bank said that she could get a simple interest rate of 8% for 5 years. What is the total amount that Beyonce will pay for the chair?
3 years
$9100
9%
$495
Time, in years
$120
$1392
$745.75
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
3 years
$9100
9%
$495
Time, in years
$120
$1392
$745.75
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