Simple Interest

Simple Interest

by Christina Ploeckelman

Multiple Choice

25% as a decimal:  

• 0.25
• 02.5
• 25
• 2500

Multiple Choice

2% as a decimal:

• 0.02
• 0.2
• 2
• 20

Multiple Choice

120% as a decimal:

• 1.2
• 12
• 0.12
• 120

Multiple Choice

18% as a decimal:

• 0.18
• 18
• 1.8
• 0.81

Multiple Choice

10% as a decimal:

• 0.01
• 0.1
• 1.0
• 10

Multiple Choice

6% as a decimal:  

• 0.06
• 0.6
• 6
• 600

Multiple Choice

Convert 3.5% to a decimal.

• 3.5
• 350
• .35
• .035

Multiple Choice

Change 7.25% to a decimal.

• 7.25
• 72.5
• 0.725
• 0.0725

Multiple Choice

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

• 95
• 105
• 125
• 135

Multiple Choice

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

• $150
• $192
• $1350
• $1392

Multiple Choice

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

• $120
• $144
• $1,200
• $1,440

Multiple Choice

What would be the total amount of your student loan, if you had to pay back a loan of $10,550, at a rate of 3% over the course of 10 years ?

• $13,715

• $3165

• $31,650

• $10,550

Multiple Choice

What is the interest on a savings account at a rate of 2%, given a starting amount of $575, over 1 year's time?

• $115

• $586.50

• $11.50

• $1.50

Multiple Choice

You take out a car loan. How much will you pay in total for the car, if your loan is for $8000, at a rate of 5% interest, over 3 years?

• $1,200

• $120

• $920

• $9,200