Topics
5. Exponential Functions
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United States of AmericaNC
Math 1

5.06 Simple interest

Lesson
Practice

Interactive practice questions

If $\$16716$$16716 of simple interest was earned in $7$7 years, how much interest was earned each:

a

year?

b

month?

Easy
1min

Calculate the simple interest earned on an investment of $\$1050$$1050 at a semiannual rate of $1.1%$1.1% for $9$9 years.

Write your answer to the nearest cent.

Medium
2min

Calculate the simple interest earned on an investment of $\$7000$$7000 at $1.8%$1.8% per quarter for $9$9 years.

Give your answer to the nearest cent.

Medium
1min

The simple interest on an investment of $\$4800$$4800 over $20$20 months is $\$760.00$$760.00.

If the annual interest rate is $r$r, find $r$r as a percentage correct to one decimal place.

Medium
1min
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Outcomes

NC.M1.A-SSE.1

Interpret expressions that represent a quantity in terms of its context.

NC.M1.A-SSE.1a

Identify and interpret parts of a linear, exponential, or quadratic expression, including terms, factors, coefficients, and exponents.

NC.M1.F.BF.1

Write a function that describes a relationship between two quantities.

NC.M1.F.BF.1a

Build linear and exponential functions, including arithmetic and geometric sequences, given a graph, a description of a relationship, or two ordered pairs (include reading these from a table).

NC.M1.F-LE.1

Identify situations that can be modeled with linear and exponential functions, and justify the most appropriate model for a situation based on the rate of change over equal intervals.

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