Math Practice Topic: Simple Interest

Description: Calculate simple interest based on a principle balance, interest rate, and time span using the formula, I=PRT.

Adaptive Learning Progression: Numbers get bigger.

Sample Levels (out of 3)

Answer the following questions involving simple interest. Input all answers to the nearest dollar

1.
Interest Rate: 4% each year
Starting Balance: $115
Time Passed: 14 years
How much interest has accrued if we are using simple interest?
What is the new total balance?

  Interest:
  Total balance:
2.
Interest Rate: 2% each year
Starting Balance: $174
Time Passed: 10 years
How much interest has accrued if we are using simple interest?
What is the new total balance?

  Interest:
  Total balance:
3.
Interest Rate: 9% each year
Starting Balance: $139
Time Passed: 2 years
How much interest has accrued if we are using simple interest?
What is the new total balance?

  Interest:
  Total balance:

Answer the following questions involving simple interest. Input all answers to the nearest dollar

1.
Interest Rate: 10% each year
Starting Balance: $794
Time Passed: 13 years
How much interest has accrued if we are using simple interest?
What is the new total balance?

  Interest:
  Total balance:
2.
Interest Rate: 8% each year
Starting Balance: $414
Time Passed: 12 years
How much interest has accrued if we are using simple interest?
What is the new total balance?

  Interest:
  Total balance:
3.
Interest Rate: 3% each year
Starting Balance: $673
Time Passed: 1 years
How much interest has accrued if we are using simple interest?
What is the new total balance?

  Interest:
  Total balance:

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