
Simple Interest
Quiz
•
Mathematics
•
8th Grade
•
Medium
+1
Standards-aligned
Arnitra Young
Used 3+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a______.
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.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Anna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Principal = $1500
Interest earned = $60 per year
Find the interest rate.
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If you are calculating the simple interest and you are given the time in months. How can you find the time in years?
Tags
CCSS.7.RP.A.3
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