6.20: Simple Interest Equation to Find Interest Rate Difficulty Level: Basic Created by: CK-12 Estimated9 minsto complete % Progress Practice Percent Equations MEMORY METER This indicates how strong in your memory this concept is Practice Progress Estimated9 minsto complete % Estimated9 minsto complete % Practice Now MEMORY METER This indicates how strong in your memory this concept is Share Add to Library Turn In Read Practice Resources Details Loading... Notes/Highlights Having trouble? Report an issue. Color Highlighted Text Notes Show More Vocabulary Language: English ▼ English Interest Interest is a percentage of lent or borrowed money. Interest is calculated and accrued regularly at a specified rate. Interest Rate The interest rate is the percentage at which interest accrues. Principal The principal is the amount of the original loan or original deposit. Image Attributions Show Hide Details Description Covers calculating interest rates, borrowing money, paying money back, and the fees associated with borrowing money. Learning Objectives None Related Materials Percent Equations Percent Equations Simple Interest Simple Interest Simple Interest Solve Real World Problems Involving Simple Interest Difficulty Level: Basic Authors: Jen Kershaw Kathy Kehrli Tags: interest rate MAT.ARI.761.1.L.1 percents (1 more) real-world Subjects: mathematics arithmetic math Concept Nodes: MAT.ARI.760 (Percent Equations) Grades: 7 Date Created: Dec 02, 2015 Last Modified: Sep 08, 2016 Vocabulary None Save or share your relevant files like activites, homework and worksheet.To add resources, you must be the owner of the Modality. Click Customize to make your own copy.