Simple Interest

Simple Interest

Assessment

Flashcard

Mathematics

7th Grade

Hard

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10 questions

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1.

FLASHCARD QUESTION

Front

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

Back

$800

2.

FLASHCARD QUESTION

Front

Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 months.

Back

$33.50

3.

FLASHCARD QUESTION

Front

Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.

Back

$270

4.

FLASHCARD QUESTION

Front

Find the simple interest paid on a loan of $1,500 at a rate of 19% for 15 months.

Back

$356.25

5.

FLASHCARD QUESTION

Front

Find the simple interest paid on a loan of $4,750 at a rate of 19.5% for 30 months.

Back

$2315.63

6.

FLASHCARD QUESTION

Front

Find the simple interest paid on a deposit of $225 at a rate of 1.5% over 2 years.

Back

$6.75

7.

FLASHCARD QUESTION

Front

$8,000 at 9% simple interest for 18 years

Back

$12,960

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