Interest Test

The simple interest formula is I=Prt.  What does the t represent?

• Principle
• Interest
• Time
• Percent Rate

Tags

CCSS.7.RP.A.3

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

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

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.7.RP.A.3

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

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

Find the simple interest earned and the total amount in each case. The principal - $300.00, Rate - 5%, Time - 2 Years.

What is the Interest Earned and what is the Total Amount Earned?

• Interest $30.00 Total Amount $330.00

• Interest $31.00 Total Amount $331.00

• Interest $300.00 Total Amount $600.00

• Interest $3.00 Total Amount $303.00

Tags

CCSS.7.RP.A.3

Find the simple interest earned ant he total amount in each case. Principal - $10.00, Rate - 7%, Time - 2 Years.

What is the Interest Earned and what is the Total Amount Earned?

• Interest Earned $1.00 Total Amount Earned $11.00

• Interest Earned $0.10 Total Amount Earned $10.10

• Interest Earned $1.40 Total Amount Earned $11.40

• Interest Earned $10.00 Total Amount Earned $20.00

Tags

CCSS.7.RP.A.3

Find the simple interest earned and the total amount in each case. Principal - $128.00, Rate - 6%, Time - 10 Years.

What is the Interest Earned and what is the Total Amount Earned?

• Interest Earned $70.00 Total Amount Earned $198.00

• Interest Earned $7.00 Total Amount Earned $135.00

• Interest Earned $76.80 Total Amount Earned $204.80

• Interest Earned $700.00 Total Amount Earned $828.00

Tags

CCSS.7.RP.A.3

Find the simple interest earned and the total amount in each case. Principal - $1000.00, Rate - 5%. Time - 5 Years.

What is the Interest Earned and what is the Total Amount Earned?

• Interest Earned $250.00 Total Amount Earned $1250.00

• Interest Earned $2000.00 Total Amount Earned $3000.00

• Interest Earned $2.50 Total Amount Earned $1002.50

• Interest Earned $20.00 Total Amount Earned $1020.00

Tags

CCSS.7.RP.A.3