
interest, appreciation, depreciation
Quiz
•
9th - 12th Grade
•
Medium
Standards-aligned
Regina Ortiz
Used 5+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.
the amount of money borrowed or deposited
the percent interest for his year
the amount taxed
the amount the bank owes you for being a customer at their bank
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
5 mins • 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
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Julie borrowed $3,500 for 3 years at 7½% simple interest rate.
How much interest is that?
How much interest is that?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
2 mins • 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
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Write the percent as a decimal.
4.3%
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending balance?
$1,225,54
$2,100.34
$22,255.40
$225.54
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?
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