Simple Interest and Percent of Change Concept Check

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

• $800
• $1,000
• $1,200
• $1,500

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

You lend $240 to your friend. He pays you back $30 in interest in one year. What interest rate did you charge your friend?

• 88%

• 20%

• 12.5%

• 10%

Tags

CCSS.7.RP.A.3

Principal = $500
Interest earned in 4 years = $60.
Find the interest rate.

• 1%
• 2%
• 3%
• 4%

Tags

CCSS.7.RP.A.3

Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.

• 14
• 140
• 168
• 16.80

Kasey is buying a house that costs $64000 at a simple interest rate of 6% for 180 months.  How much will she pay for the house total?

• $121,600
• $57,600
• $5,760
• $98

Interest = 525  Rate = 5%Time= 3 years  Principle= ?

• 350
• 3500
• 35
• 35000

Starting amount: 350
Rate : 2.5%
Interest: 26.25
Time : ?

• 5 years
• 5 months
  3 years
• 5 months
• 3 months

Jack deposited $1,400 in his bank account.  After 3 years, the account earned $294 in interest.  Find the simple interest rate.

• 5%
• 8%
• 7.25%
• 7%

Tags

CCSS.7.RP.A.3

Find the interest rate:
Principal: $4,900
Interest:$191.10
Time: 1.5 years

• 171%
• 17.1%
• 0.026%
• 2.6%

Tags

CCSS.7.RP.A.3