Simple Interest
Authored by Felicia Tvrdik
Mathematics
6th - 8th Grade
CCSS covered
Used 15+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The simple interest formula is I=Prt. The P represents the principal. The principal 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.8.EE.C.7B
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The simple interest formula is I=Prt. What does the t represent?
Principal
Interest
Time
Percent Rate
Tags
CCSS.8.EE.C.7B
3.
MULTIPLE CHOICE QUESTION
5 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
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
5 mins • 1 pt
Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You lend $240 to your friend. He pays you back $270. What interest rate did you charge your friend?
Tags
CCSS.6.RP.A.3C
7.
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
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