Math Practice 101
Homework Explained - Math Practice 101

Dear guest, you are not a registered member. As a guest, you only have read-only access to our books, tests and other practice materials.

As a registered member you can:

Registration is free and doesn't require any type of payment information. Click here to Register.
Go to page:  

Grade 7 McGraw Hill Glencoe - Answer Keys
Chapter 2: Percents; Lesson 8: Financial Literacy: Simple Interest


Please share this page with your friends on FaceBook

Independent Practice

Find the simple interest earned to the nearest cent for each principal, interest rate, and time.

Find the simple interest paid to the nearest cent for each loan amount, interest rate, and time.

  • Question 7 (request help)

    Leon charged $75 at an interest rate of 12.5%. How much will Leon have to pay after one month if he makes no payments?
  • \(\large$ \)   
  • Question 8 (request help)

    Jamerra received a $3,000 car loan. She plans on paying off the loan in 2 years. At the end of 2 years, Jamerra will have paid $450 in interest. What is the  simple interest rate on the car loan?
  • \(\large r = \)   \(\large \% \)
  • Question 9 (request help)

    Justify Conclusions Pablo has $4,200 to invest for college.

    a. If Pablo invests $4,200 for 3 years and earns $630, what is the simple interest rate?
  • \(\large r = \)   \(\large \% \)
  • Question 10 (request help)

    b. Pablo’s goal is to have $5,000 after 4 years. Is this possible if he invests with a rate of return of 6%? Explain.
  •    

Yes, email page to my online tutor. (if you didn't add a tutor yet, you can add one here)