Simple Interest

Simple Interest

Assessment

Flashcard

Mathematics

7th - 8th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, 8.EE.C.7B, 4.MD.A.1

+1

Standards-aligned

Created by

Wayground Content

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16 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

Tags

CCSS.7.RP.A.3

2.

FLASHCARD QUESTION

Front

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

Back

$270

Tags

CCSS.7.RP.A.3

3.

FLASHCARD QUESTION

Front

$8,000 at 9% simple interest for 18 years. Find the interest earned.

Back

$12,960

Tags

CCSS.7.RP.A.3

4.

FLASHCARD QUESTION

Front

Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?

Back

125

Tags

CCSS.7.RP.A.3

5.

FLASHCARD QUESTION

Front

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

Back

$1392

Tags

CCSS.7.RP.A.3

6.

FLASHCARD QUESTION

Front

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?

Back

$120

Tags

CCSS.7.RP.A.3

7.

FLASHCARD QUESTION

Front

What does the t represent in the simple interest formula I=Prt?

Back

Time, in years

Tags

CCSS.8.EE.C.7B

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