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Simple Interest

Authored by J Henderson

Mathematics

6th - 7th Grade

CCSS covered

Used 24+ times

Simple Interest
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8 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Javon has a credit card with a $1,583 balance. His interest rate is 8.8%. If he does not pay for 3 years, how much interest does he owe?

$4,179
$417.91
$133,930
$41,791

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Sabrina savings account earns 5% interest rate per year. The principal is $1,200. How much interest has he earned in 4 years?

$240
$24.00
$2.40

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Kiyon's credit card had a balance of $5,200. The interest rate on the card was 12% each year. He took 3 years to pay it off. How much was the interest after 3 years?

$18.72
$1,872
$187.20

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

It took Jabril 5 days to find the perfect car. He brought a  car that cost $23,500 and wanted to pay it off in 6 years. The interest rate was 4%. How much did she owe on the car after 4 years? 

$5640
$56.40
$5,640
$3,760

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Allison was left an inheritance from her Aunt Lisa. She can not touch the money until she is 21 years old, Allison is now 12 years old and inherited $50,000 that was put into an account with 2% interest. How many years until Allison is 21 years old?

12
21
8
9

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Allison was left an inheritance from her Aunt Lisa. She can not touch the money until she is 21 years old, Allison is now 12 years old and inherited $50,000 that was put into an account with 2% interest. How much interest will Allison have earned at her 21st birthday?

$900
$100,000
$9,000

Tags

CCSS.HSF.BF.A.2

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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

95
105
125
135

Tags

CCSS.7.RP.A.3

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