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Simple Interest

Simple Interest

Assessment

Interactive Video

•

Mathematics

•

7th Grade

•

Easy

•
CCSS
7.RP.A.3, 6.EE.B.7

Standards-aligned

Created by

LAURA MCFADDEN

Used 6+ times

FREE Resource

14 questions

Show all answers

1.

SLIDE QUESTION

30 sec • Ungraded

2.

SLIDE QUESTION

30 sec • Ungraded

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the R in I =PRT mean?

rate

real number

recommend

rounding

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rate is given as a percent (%).  Before using it in the simple interest formula, you must first convert it to a______.

Fraction

Decimal

Ratio

Dollar Amount

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The simple interest formula I=PRT. The P represents the principle. The principle is ______________________.

The amount of money borrowed or replaced

The percent interest for his year

The amount taxed.

The amount the bank owes you for being a costumer at their bank.

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The extra money created on the money borrowed is called________?

Amount

Rate

Interest

Principal

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the simple interest formula I = Prt, what does the variable 'P' represent?

Interest

Principal

Rate

Time

Tags

CCSS.6.EE.B.7

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