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Simple Interest / Percent word problems

Authored by Cheryl Robbins

Mathematics

7th Grade

CCSS covered

Used 8+ times

Simple Interest / Percent word problems
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12 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

$7.50
$26.25
$87.5
$262.50

Tags

CCSS.7.RP.A.3

2.

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?

$150
$192
$1350
$1392

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Beyonce went to the mall and saw a massage chair that she would have to take a loan out for $6500 to purchase. The bank said that she could get a simple interest rate of 8% for 5 years. What is the total amount that Beyonce will pay for the chair?

$2600

$910

$9100

$260

Tags

CCSS.HSF.BF.A.2

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

$800
$1,000
$1,200
$1,500

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Ann puts $300 in a bank account earning 4% interest.  How much will she earn in interest in 1 year?

4
8
12
16

Tags

CCSS.6.RP.A.3C

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A skateboard is on sale with a 25% discount. The original price was $120.
Find the sale price.

60
90
110
44

Tags

CCSS.6.RP.A.3C

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Use the given information to find the total cost.  Do not estimate other than to round to the nearest cent, if necessary. 
 Food bill: 
$68.55
  Sales Tax:  6%

$4.11
$72.66
$81.60
$72.67

Tags

CCSS.8.EE.C.7B

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