Simple Interest

Simple Interest

7th Grade

15 Qs

quiz-placeholder

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Simple Interest

Simple Interest

Assessment

Quiz

Mathematics

7th Grade

Hard

CCSS
7.RP.A.3, HSF.BF.A.2, 7.EE.B.4A

Standards-aligned

Created by

Venus Leonard

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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

2.

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?

$150
$192
$1350
$1392

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

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

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

Calculate the interest. I = PRT,

Principal = $1000,

Rate = 6%,

Time = 2 years

$100

$120

$180

1200

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Calculate the interest. I = PRT,

Principal = $1000,

Rate = 6%,

Time = 2 years

$100

$120

$180

1200

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Dalton has $40,000 in a savings account that earns 11% annually. The interest is not compounded. How much will he have in 3 years? Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), ris the interest rate expressed as a decimal, and t is the time in years.

53,200

900

13,222

243,442

Tags

CCSS.HSF.BF.A.2

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