
Simple and Compound Interest Practice
Quiz
•
Mathematics
•
8th Grade
•
Practice Problem
•
Medium
+10
Standards-aligned
Amanda Nolen
Used 9+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.
Tags
CCSS.8.EE.C.7B
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What formula will you use?
Tags
CCSS.HSA.SSE.B.4
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the principal?
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the interest rate?
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the time in years?
Tags
CCSS.7.RP.A.3
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