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quiz-placeholder

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12/12 math BW

12/12 math BW

Assessment

Quiz

Mathematics

8th Grade

Easy

CCSS
7.RP.A.3

Standards-aligned

Created by

JORGE PUENTE

Used 4+ times

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4 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 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

1 min • 1 pt

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

Principle
Interest
Time
Percent Rate

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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

 I=PrtI=\Pr t  

$7.50

$26.25

$87.5

$262.50

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?
 Compound Interest (A)= P(1+r)tCompound\ Interest\ \left(A\right)=\ P\left(1+r\right)^t  

$23,285.05

$3,285.05

$2,385

$32,285