
Simple Interest Practice
Quiz
•
12th Grade
•
Medium
Standards-aligned
Sam Rogers
Used 3+ times
FREE Resource
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17 questions
Show all answers
1.
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
2.
MULTIPLE CHOICE QUESTION
2 mins • 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
2 mins • 1 pt
What does the "I" in the interest formula stand for?
Tags
CCSS.HSF.BF.A.2
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
2 mins • 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
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?
6%
6%
8%
9%
Tags
CCSS.7.RP.A.3
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