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NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
138
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Lesson 10: Simple Interest
Student Outcomes
Students solve simple interest problems using the formula ๐ผ = ๐๐๐ก, where ๐ผ represents interest, ๐ represents
principal, ๐ represents interest rate, and ๐ก represents time.
When using the formula ๐ผ = ๐๐๐ก, students recognize that units for both interest rate and time must be
compatible; students convert the units when necessary.
Classwork
Fluency Exercise (10 minutes): Fractional Percents
Students complete a two-round Sprint provided at the end of this lesson (Fractional Percents) to practice finding the
percent, including fractional percents, of a number. Provide one minute for each round of the Sprint. Refer to the
Sprints and Sprint Delivery Script sections in the Module 2 Module Overview for directions to administer a Sprint. Be
sure to provide any answers not completed by the students. Sprints and answer keys are provided at the end of the
lesson.
Example 1 (7 minutes): Can Money Grow? A Look at Simple Interest
Students solve a simple interest problem to find the new balance of a savings account that
earns interest. Students model the interest earned over time (in years) by constructing a
table and graph to show that a proportional relationship exists between ๐ก, number of
years, and ๐ผ, interest.
Begin class discussion by displaying and reading the following problem to the whole class.
Allow students time to process the information presented. Small group discussion should
be encouraged before soliciting individual feedback.
Larry invests $100 in a savings plan. The plan pays 412
% interest each year on
his $100 account balance. The following chart shows the balance on his account
after each year for the next 5 years. He did not make any deposits or
withdrawals during this time.
Time (in years) Balance (in dollars)
1 104.50
2 109.00
3 113.50
4 118.00
5 122.50
Scaffolding:
Allow one calculator per
group (or student) to aid
with discovering the
mathematical pattern
from the table.
Also, consider using a
simpler percent value,
such as 2%.
MP.1
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
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Possible discussion questions:
What is simple interest?
How is it calculated?
What pattern(s) do you notice from the table?
Can you create a formula to represent the pattern(s) from the table?
Display the interest formula to the class, and explain each variable.
Model for the class how to substitute the given information into the interest formula to find the amount of interest
earned.
Example 1: Can Money Grow? A Look at Simple Interest
Larry invests $๐๐๐ in a savings plan. The plan pays ๐๐๐
% interest each year on his $๐๐๐ account balance.
a. How much money will Larry earn in interest after ๐ years? After ๐ years?
๐ years:
๐ฐ = ๐ท๐๐
๐ฐ = ๐๐๐(๐. ๐๐๐)(๐)
๐ฐ = ๐๐. ๐๐
Larry will earn $๐๐. ๐๐ in interest after ๐ years.
๐ years:
๐ฐ = ๐ท๐๐
๐ฐ = ๐๐๐(๐. ๐๐๐)(๐)
๐ฐ = ๐๐. ๐๐
Larry will earn $๐๐. ๐๐ in interest after ๐ years.
b. How can you find the balance of Larryโs account at the end of ๐ years?
You would add the interest earned after ๐ years to the beginning balance. $๐๐. ๐๐ + $๐๐๐ = $๐๐๐. ๐๐.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ = ๐๐ซ๐ข๐ง๐๐ข๐ฉ๐๐ฅ ร ๐๐๐ญ๐ ร ๐๐ข๐ฆ๐
๐ฐ = ๐ท ร ๐ ร ๐
๐ฐ = ๐ท๐๐
To find the simple interest, use the following formula:
๐ is the percent of the principal that is paid over a period of time (usually per year).
๐ is the time.
๐ and ๐ must be compatible. For example, if ๐ is an annual interst rate, then ๐ must be written in years.
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
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Show the class that the relationship between the amount of interest earned each year can be represented in a table or
graph by posing the question, โThe interest earned can be found using an equation. How else can we represent the
amount of interest earned other than an equation?โ
Draw a table, and call on students to help you complete the table. Start with finding the amount of interest
earned after 1 year.
๐ (in years) ๐ฐ (interest earned after ๐ years, in dollars)
1 ๐ผ = (100)(0.045)(1) = 4.50
2 ๐ผ = (100)(0.045)(2) = 9.00
3 ๐ผ = (100)(0.045)(3) = 13.50 4 ๐ผ = (100)(0.045)(4) = 18.00 5 ๐ผ = (100)(0.045)(5) = 22.50
Possible discussion questions:
Using your calculator, what do you observe when you divide the ๐ผ by ๐ก for each year?
The ratio is 4.5.
What is the constant of proportionality in this situation? What does it mean? What evidence from the table
supports your answer?
The constant of proportionality is 4.5. This is the principal times the interest rate because
(100)(0.045) = 4.5. This means that for every year, the interest earned on the savings account
increases by $4.50. The table shows that the principal and interest rate are not changing; they are
constant.
What other representation could we use to show the relationship between time
and the amount of interest earned is proportional?
We could use a graph.
Display to the class a graph of the relationship.
What are some characteristics of the graph?
It has a title.
The axes are labeled.
The scale for the ๐ฅ-axis is 1 year.
The scale for the ๐ฆ-axis is 5 dollars.
By looking at the graph of the line, can you draw a conclusion about the relationship between time and the
amount of interest earned?
All pairs from the table are plotted, and a straight line passes through those points and the origin. This
means that the relationship is proportional.
Scaffolding:
Use questioning strategies to
review graphing data in the
coordinate plane for all
learners. Emphasize the
importance of an accurate
scale and making sure variables
are graphed along the correct
axes.
The amount of interest earned increases by the same amount each year, $4.50. Therefore, the ratios in the table
are equivalent. This means that the relationship between time and the interest earned is proportional.
Increase of $4.50
Increase of $4.50
Increase of $4.50
Increase of $4.50
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
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What does the point (4, 18) mean in terms of the situation?
It means that at the end of four years, Larry would have earned $18 in
interest.
What does the point (0, 0) mean?
It means that when Larry opens the account, no interest is earned.
What does the point (1, 4.50) mean?
It means that at the end of the first year, Larryโs account earned $4.50.
4.5 is also the constant of proportionality.
What equation would represent the amount of interest earned at the end of a
given year in this situation?
๐ผ = 4.5๐ก
Exercise 1 (3 minutes)
Students practice using the interest formula independently, with or without technology. Review answers as a whole
class.
Exercise 1
Find the balance of a savings account at the end of ๐๐ years if the interest earned each year is ๐. ๐%. The principal is
$๐๐๐.
๐ฐ = ๐ท๐๐
๐ฐ = $๐๐๐(๐. ๐๐๐)(๐๐)
๐ฐ = $๐๐๐
The interest earned after ๐๐ years is $๐๐๐. So, the balance at the end of ๐๐ years is $๐๐๐ + $๐๐๐ = $๐๐๐.
0
5
10
15
20
25
0 1 2 3 4 5 6
Amount of Interest Earned (in dollars)
Am
ou
nt
of
Inte
rest
Ear
ned
(in
do
llars
)
Time (years) Scaffolding:
Provide a numbered
coordinate plane to help
build confidence for
students who struggle
with creating graphs by
hand.
If time permits, allow
advanced learners to
practice graphing the
interest formula using the
Y= editor in a graphing
calculator and scrolling the
table to see how much
interest is earned for ๐ฅ
number of years.
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
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๐ท ๐ฐ
๐
Example 2 (5 minutes): Time Other Than One Year
In this example, students learn to recognize that units for both the interest rate and time
must be compatible. If not, they must convert the units when necessary.
Remind the class how to perform a unit conversion from months to years. Because
1 year = 12 months, the number of months given can be divided by 12 to get the
equivalent year.
Example 2: Time Other Than One Year
A $๐, ๐๐๐ savings bond earns simple interest at the rate of ๐% each year. The interest is paid at the end of every month.
How much interest will the bond have earned after ๐ months?
Step 1: Convert ๐ months to a year.
๐๐ months = ๐ year. So, divide both sides by ๐ to get ๐ months =๐๐
year.
Step 2: Use the interest formula to find the answer.
๐ฐ = ๐ท๐๐
๐ฐ = ($๐๐๐๐)(๐. ๐๐)(๐. ๐๐)
๐ฐ = $๐. ๐๐
The interest earned after ๐ months is $๐. ๐๐.
Example 3 (5 minutes): Solving for ๐ท, ๐, or ๐
Students practice working backward to find the interest rate, principal, or time by dividing the interest earned by the
product of the other two values given.
The teacher could have students annotate the word problem by writing the corresponding variable above each given
quantity. Have students look for keywords to identify the appropriate variable. For example, the words investment,
deposit, and loan refer to principal. Students will notice that time is not given; therefore, they must solve for ๐ก.
Example 3: Solving for ๐ท, ๐, or ๐
Mrs. Williams wants to know how long it will take an investment of $๐๐๐ to earn $๐๐๐ in interest if the yearly interest
rate is ๐. ๐%, paid at the end of each year.
๐ฐ = ๐ท๐๐
$๐๐๐ = ($๐๐๐)(๐. ๐๐๐)๐
$๐๐๐ = $๐๐. ๐๐๐
$๐๐๐ (๐
$๐๐. ๐๐) = (
๐
$๐๐. ๐๐) $๐๐. ๐๐๐
๐. ๐๐๐๐ = ๐
Six years is not enough time to earn $๐๐๐. At the end of seven years, the interest will be over $๐๐๐. It will take seven
years since the interest is paid at the end of each year.
MP.1 Scaffolding:
Provide a poster with the terms
semi, quarterly, and annual.
Write an example next to each
word, showing an example of a
conversion.
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
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Exercises 2โ3 (7 minutes)
Students complete the following exercises independently, or in groups of two, using the simple interest formula.
Exercise 2
Write an equation to find the amount of simple interest, ๐จ, earned on a $๐๐๐ investment after ๐๐๐
years if the semi-
annual (๐-month) interest rate is ๐%.
๐๐๐
years is the same as
๐ months ๐ months ๐ months
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ = ๐๐ซ๐ข๐ง๐๐ข๐ฉ๐๐ฅ ร ๐๐๐ญ๐ ร ๐๐ข๐ฆ๐
๐จ = ๐๐๐(๐. ๐๐)(๐) ๐. ๐ years is ๐ year and ๐ months, so ๐ = ๐.
๐จ = ๐๐ The amount of interest earned is $๐๐.
Exercise 3
A $๐, ๐๐๐ loan has an annual interest rate of ๐๐๐
% on the amount borrowed. How much time has elapsed if the interest
is now $๐๐๐. ๐๐?
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ = ๐๐ซ๐ข๐ง๐๐ข๐ฉ๐๐ฅ ร ๐๐๐ญ๐ ร ๐๐ข๐ฆ๐
Let ๐ be time in years.
๐๐๐. ๐๐ = (๐, ๐๐๐)(๐. ๐๐๐๐)๐
๐๐๐. ๐๐ = ๐๐. ๐๐๐
(๐๐๐. ๐๐) (๐
๐๐. ๐๐) = (
๐
๐๐. ๐๐) (๐๐. ๐๐)๐
๐ = ๐
Two years have elapsed.
Closing (2 minutes)
Explain each variable of the simple interest formula.
๐ผ is the amount of interest earned or owed.
๐ is the principal, or the amount invested or borrowed.
๐ is the interest rate for a given time period (yearly, quarterly, monthly).
๐ก is time.
What would be the value of the time for a two-year period for a quarterly interest rate? Explain.
๐ก would be written as 8 because a quarter means every 3 months, and there are four quarters in one
year. So, 2 ร 4 = 8.
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
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Exit Ticket (6 minutes)
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ = ๐๐ซ๐ข๐ง๐๐ข๐ฉ๐๐ฅ ร ๐๐๐ญ๐ ร ๐๐ข๐ฆ๐
๐ฐ = ๐ท ร ๐ ร ๐
๐ฐ = ๐ท๐๐
Lesson Summary
Interest earned over time can be represented by a proportional relationship between time, in years,
and interest.
The simple interest formula is
๐ is the percent of the principal that is paid over a period of time (usually per year).
๐ is the time.
The rate, ๐, and time, ๐, must be compatible. If ๐ is the annual interest rate, then ๐ must be written in
years.
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
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Name Date
Lesson 10: Simple Interest
Exit Ticket
1. Ericaโs parents gave her $500 for her high school graduation. She put the money into a savings account that earned
7.5% annual interest. She left the money in the account for nine months before she withdrew it. How much
interest did the account earn if interest is paid monthly?
2. If she would have left the money in the account for another nine months before withdrawing, how much interest
would the account have earned?
3. About how many years and months would she have to leave the money in the account if she wants to reach her goal
of saving $750?
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Lesson 10: Simple Interest
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Exit Ticket Sample Solutions
1. Ericaโs parents gave her $๐๐๐ for her high school graduation. She put the money into a savings account that earned
๐. ๐% annual interest. She left the money in the account for nine months before she withdrew it. How much
interest did the account earn if interest is paid monthly?
๐ฐ = ๐ท๐๐
๐ฐ = (๐๐๐)(๐. ๐๐๐) (๐
๐๐)
๐ฐ = ๐๐. ๐๐๐
The interest earned is $๐๐. ๐๐.
2. If she would have left the money in the account for another nine months before withdrawing, how much interest
would the account have earned?
๐ฐ = ๐ท๐๐
๐ฐ = (๐๐๐)(๐. ๐๐๐) (๐๐
๐๐)
๐ฐ = ๐๐. ๐๐
The account would have earned $๐๐. ๐๐.
3. About how many years and months would she have to leave the money in the account if she wants to reach her goal
of saving $๐๐๐?
๐๐๐ โ ๐๐๐ = ๐๐๐ She would need to earn $๐๐๐ in interest.
๐ฐ = ๐ท๐๐
๐๐๐ = (๐๐๐)(๐. ๐๐๐)๐
๐๐๐ = ๐๐. ๐๐
๐๐๐ (๐
๐๐. ๐) = (
๐
๐๐. ๐) (๐๐. ๐)๐
๐๐
๐= ๐
It would take her ๐ years and ๐ months to reach her goal because ๐๐
ร ๐๐ months is ๐ months.
Problem Set Sample Solutions
1. Enrique takes out a student loan to pay for his college tuition this year. Find the interest on the loan if he borrowed
$๐, ๐๐๐ at an annual interest rate of ๐% for ๐๐ years.
๐ฐ = ๐, ๐๐๐(๐. ๐๐)(๐๐)
๐ฐ = ๐, ๐๐๐
Enrique would have to pay $๐, ๐๐๐ in interest.
2. Your family plans to start a small business in your neighborhood. Your father borrows $๐๐, ๐๐๐ from the bank at an
annual interest rate of ๐% rate for ๐๐ months. What is the amount of interest he will pay on this loan?
๐ฐ = ๐๐, ๐๐๐(๐. ๐๐)(๐)
๐ฐ = ๐, ๐๐๐
He will pay $๐, ๐๐๐ in interest.
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Lesson 10: Simple Interest
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3. Mr. Rodriguez invests $๐, ๐๐๐ in a savings plan. The savings account pays an annual interest rate of ๐. ๐๐% on the
amount he put in at the end of each year.
a. How much will Mr. Rodriguez earn if he leaves his money in the savings plan for ๐๐ years?
๐ฐ = ๐, ๐๐๐(๐. ๐๐๐๐)(๐๐)
๐ฐ = ๐, ๐๐๐
He will earn $๐, ๐๐๐.
b. How much money will be in his savings plan at the end of ๐๐ years?
At the end of ๐๐ years, he will have $๐, ๐๐๐ because $๐, ๐๐๐ + $๐, ๐๐๐ = $๐, ๐๐๐.
c. Create (and label) a graph in the coordinate plane to show the relationship between time and the amount of
interest earned for ๐๐ years. Is the relationship proportional? Why or why not? If so, what is the constant of
proportionality?
Yes, the relationship is proportional because the graph shows a straight line touching the origin. The constant
of proportionality is ๐๐๐ because the amount of interest earned increases by $๐๐๐ for every one year.
d. Explain what the points (๐, ๐) and (๐, ๐๐๐) mean on the graph.
(๐, ๐) means that no time has elapsed and no interest has been earned.
(๐, ๐๐๐) means that after ๐ year, the savings plan would have earned $๐๐๐. ๐๐๐ is also the constant of
proportionality.
e. Using the graph, find the balance of the savings plan at the end of seven years.
From the table, the point (๐, ๐๐๐) means that the balance would be $๐, ๐๐๐ + $๐๐๐ = $๐, ๐๐๐.
0
200
400
600
800
1000
1200
1400
0 2 4 6 8 10 12
Amount of Interest Mr. Rodriguez Earns (in dollars)
Time (in years)
Inte
rest
Ear
ne
d (
in d
olla
rs)
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
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f. After how many years will Mr. Rodriguez have increased his original investment by more than ๐๐%? Show
your work to support your answer.
๐๐ฎ๐๐ง๐ญ๐ข๐ญ๐ฒ = ๐๐๐ซ๐๐๐ง๐ญ ร ๐๐ก๐จ๐ฅ๐
Let ๐ธ be the account balance that is ๐๐% more than the original investment.
๐ธ > (๐ + ๐. ๐๐)(๐, ๐๐๐)
๐ธ > ๐, ๐๐๐
The balance will be greater than $๐, ๐๐๐ beginning between ๐ and ๐ years because the graph shows (๐, ๐๐๐)
and (๐, ๐๐๐๐), so $๐, ๐๐๐ + $๐๐๐ = $๐, ๐๐๐ < $๐, ๐๐๐, and $๐, ๐๐๐ + $๐, ๐๐๐ = $๐, ๐๐๐ > $๐, ๐๐๐.
Challenge Problem:
4. George went on a game show and won $๐๐, ๐๐๐. He wanted to invest it and found two funds that he liked. Fund
250 earns ๐๐% interest annually, and Fund 100 earns ๐% interest annually. George does not want to earn more
than $๐, ๐๐๐ in interest income this year. He made the table below to show how he could invest the money.
๐ฐ ๐ท ๐ ๐
Fund 100 ๐. ๐๐๐ ๐ ๐. ๐๐ ๐
Fund 250 ๐. ๐๐(๐๐๐๐๐ โ ๐) ๐๐, ๐๐๐ โ ๐ ๐. ๐๐ ๐
Total ๐, ๐๐๐ ๐๐, ๐๐๐
a. Explain what value ๐ is in this situation.
๐ is the principal, in dollars, that George could invest in Fund ๐๐๐.
b. Explain what the expression ๐๐, ๐๐๐ โ ๐ represents in this situation.
๐๐, ๐๐๐ โ ๐ is the principal, in dollars, that George could invest in Fund 250. It is the money he would have
left over once he invests in Fund 100.
c. Using the simple interest formula, complete the table for the amount of interest earned.
See the table above.
d. Write an inequality to show the total amount of interest earned from both funds.
๐. ๐๐๐ + ๐. ๐๐(๐๐, ๐๐๐ โ ๐) โค ๐, ๐๐๐
e. Use algebraic properties to solve for ๐ and the principal, in dollars, George could invest in Fund 100. Show
your work.
๐. ๐๐๐ + ๐, ๐๐๐ โ ๐. ๐๐๐ โค ๐, ๐๐๐
๐, ๐๐๐ โ ๐. ๐๐๐ โค ๐, ๐๐๐
๐, ๐๐๐ โ ๐, ๐๐๐ โ ๐. ๐๐๐ โค ๐, ๐๐๐ โ ๐, ๐๐๐
โ๐. ๐๐๐ โค โ๐, ๐๐๐
(๐
โ๐. ๐๐) (โ๐. ๐๐๐) โค (
๐
โ๐. ๐๐) (โ๐, ๐๐๐)
๐ โฅ ๐๐, ๐๐๐. ๐๐
๐ approximately equals $๐๐, ๐๐๐. ๐๐. George could invest $๐๐, ๐๐๐. ๐๐ or more in Fund 100.
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
149
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f. Use your answer from part (e) to determine how much George could invest in Fund 250.
He could invest $๐๐, ๐๐๐. ๐๐ or less in Fund 250 because ๐๐, ๐๐๐ โ ๐๐, ๐๐๐. ๐๐ = ๐๐, ๐๐๐. ๐๐.
g. Using your answers to parts (e) and (f), how much interest would George earn from each fund?
Fund 100: ๐. ๐๐ ร ๐๐, ๐๐๐. ๐๐ ร ๐ approximately equals $๐, ๐๐๐. ๐๐.
Fund 250: ๐. ๐๐ ร ๐๐, ๐๐๐. ๐๐ ร ๐ approximately equals $๐, ๐๐๐. ๐๐ or $๐, ๐๐๐ โ $๐, ๐๐๐. ๐๐.
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
150
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Fractional PercentsโRound 1
Directions: Find the part that corresponds with each percent.
1. 1% of 100 23. 1
4% of 100
2. 1% of 200 24. 1
4% of 200
3. 1% of 400 25. 1
4% of 400
4. 1% of 800 26. 1
4% of 800
5. 1% of 1,600 27. 1
4% of 1,600
6. 1% of 3,200 28. 1
4% of 3,200
7. 1% of 5,000 29. 1
4% of 5,000
8. 1% of 10,000 30. 1
4% of 10,000
9. 1% of 20,000 31. 1
4% of 20,000
10. 1% of 40,000 32. 1
4% of 40,000
11. 1% of 80,000 33. 1
4% of 80,000
12. 1
2% of 100 34. 1% of 1,000
13. 1
2% of 200 35.
1
2% of 1,000
14. 1
2% of 400 36.
1
4% of 1,000
15. 1
2% of 800 37. 1% of 4,000
16. 1
2% of 1,600 38.
1
2% of 4,000
17. 1
2% of 3,200 39.
1
4% of 4,000
18. 1
2% of 5,000 40. 1% of 2,000
19. 1
2% of 10,000 41.
1
2% of 2,000
20. 1
2% of 20,000 42.
1
4% of 2,000
21. 1
2% of 40,000 43.
1
2% of 6,000
22. 1
2% of 80,000 44.
1
4% of 6,000
Number Correct: ______
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
151
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This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
Fractional PercentsโRound 1 [KEY]
Directions: Find the part that corresponds with each percent.
1. 1% of 100 ๐ 23. 1
4% of 100
๐
๐
2. 1% of 200 ๐ 24. 1
4% of 200
๐
๐
3. 1% of 400 ๐ 25. 1
4% of 400 ๐
4. 1% of 800 ๐ 26. 1
4% of 800 ๐
5. 1% of 1,600 ๐๐ 27. 1
4% of 1,600 ๐
6. 1% of 3,200 ๐๐ 28. 1
4% of 3,200 ๐
7. 1% of 5,000 ๐๐ 29. 1
4% of 5,000 ๐๐
๐
๐
8. 1% of 10,000 ๐๐๐ 30. 1
4% of 10,000 ๐๐
9. 1% of 20,000 ๐๐๐ 31. 1
4% of 20,000 ๐๐
10. 1% of 40,000 ๐๐๐ 32. 1
4% of 40,000 ๐๐๐
11. 1% of 80,000 ๐๐๐ 33. 1
4% of 80,000 ๐๐๐
12. 1
2% of 100
๐
๐ 34. 1% of 1,000 ๐๐
13. 1
2% of 200 ๐ 35.
1
2% of 1,000 ๐
14. 1
2% of 400 ๐ 36.
1
4% of 1,000 ๐. ๐
15. 1
2% of 800 ๐ 37. 1% of 4,000 ๐๐
16. 1
2% of 1,600 ๐ 38.
1
2% of 4,000 ๐๐
17. 1
2% of 3,200 ๐๐ 39.
1
4% of 4,000 ๐๐
18. 1
2% of 5,000 ๐๐ 40. 1% of 2,000 ๐๐
19. 1
2% of 10,000 ๐๐ 41.
1
2% of 2,000 ๐๐
20. 1
2% of 20,000 ๐๐๐ 42.
1
4% of 2,000 ๐
21. 1
2% of 40,000 ๐๐๐ 43.
1
2% of 6,000 ๐๐
22. 1
2% of 80,000 ๐๐๐ 44.
1
4% of 6,000 ๐๐
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
152
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This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
Fractional PercentsโRound 2
Directions: Find the part that corresponds with each percent.
1. 10% of 30 23. 1012
% of 100
2. 10% of 60 24. 1012
% of 200
3. 10% of 90 25. 1012
% of 400
4. 10% of 120 26. 1012
% of 800
5. 10% of 150 27. 1012
% of 1,600
6. 10% of 180 28. 1012
% of 3,200
7. 10% of 210 29. 1012
% of 6,400
8. 20% of 30 30. 1014
% of 400
9. 20% of 60 31. 1014
% of 800
10. 20% of 90 32. 1014
% of 1,600
11. 20% of 120 33. 1014
% of 3,200
12. 5% of 50 34. 10% of 1,000
13. 5% of 100 35. 1012
% of 1,000
14. 5% of 200 36. 1014
% of 1,000
15. 5% of 400 37. 10% of 2,000
16. 5% of 800 38. 1012
% of 2,000
17. 5% of 1,600 39. 1014
% of 2,000
18. 5% of 3,200 40. 10% of 4,000
19. 5% of 6,400 41. 1012
% of 4,000
20. 5% of 600 42. 1014
% of 4,000
21. 10% of 600 43. 10% of 5,000
22. 20% of 600 44. 1012
% of 5,000
Number Correct: ______
Improvement: ______
NYS COMMON CORE MATHEMATICS CURRICULUM 7โข4 Lesson 10
Lesson 10: Simple Interest
153
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This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
Fractional PercentsโRound 2 [KEY]
Directions: Find the part that corresponds with each percent.
1. 10% of 30 ๐ 23. 1012
% of 100 ๐๐. ๐
2. 10% of 60 ๐ 24. 1012
% of 200 ๐๐
3. 10% of 90 ๐ 25. 1012
% of 400 ๐๐
4. 10% of 120 ๐๐ 26. 1012
% of 800 ๐๐
5. 10% of 150 ๐๐ 27. 1012
% of 1,600 ๐๐๐
6. 10% of 180 ๐๐ 28. 1012
% of 3,200 ๐๐๐
7. 10% of 210 ๐๐ 29. 1012
% of 6,400 ๐๐๐
8. 20% of 30 ๐ 30. 1014
% of 400 ๐๐
9. 20% of 60 ๐๐ 31. 1014
% of 800 ๐๐
10. 20% of 90 ๐๐ 32. 1014
% of 1,600 ๐๐๐
11. 20% of 120 ๐๐ 33. 1014
% of 3,200 ๐๐๐
12. 5% of 50 ๐. ๐ 34. 10% of 1,000 ๐๐๐
13. 5% of 100 ๐ 35. 1012
% of 1,000 ๐๐๐
14. 5% of 200 ๐๐ 36. 1014
% of 1,000 ๐๐๐. ๐
15. 5% of 400 ๐๐ 37. 10% of 2,000 ๐๐๐
16. 5% of 800 ๐๐ 38. 1012
% of 2,000 ๐๐๐
17. 5% of 1,600 ๐๐ 39. 1014
% of 2,000 ๐๐๐
18. 5% of 3,200 ๐๐๐ 40. 10% of 4,000 ๐๐๐
19. 5% of 6,400 ๐๐๐ 41. 1012
% of 4,000 ๐๐๐
20. 5% of 600 ๐๐ 42. 1014
% of 4,000 ๐๐๐
21. 10% of 600 ๐๐ 43. 10% of 5,000 ๐๐๐
22. 20% of 600 ๐๐0 44. 1012
% of 5,000 ๐๐๐