Exit Ticket for April 16, 2018
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Last updated over 7 years ago
5 questions
Note from the author:
Exit Ticket for Simple Interest Lesson
20
The formula for simple Interest is ...
The formula for simple Interest is ...
20
The P in the Interest formula represents the money that you end up with after interest is calculated.
The P in the Interest formula represents the money that you end up with after interest is calculated.
20
If the time for the interest period is less than 1 year ...
If the time for the interest period is less than 1 year ...
20
Though the rate in the Interest formula is presented as a percentage, it must always be calculated as a/(an)
Though the rate in the Interest formula is presented as a percentage, it must always be calculated as a/(an)
10
Robert places $500.00 in the bank for 5 years at a rate of 12%. How much interest will he earn at the end of the five years?
Robert places $500.00 in the bank for 5 years at a rate of 12%. How much interest will he earn at the end of the five years?