Simple Interest
Authored by Stephenie Wright
Mathematics
8th Grade
CCSS covered
Used 140+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
15 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
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The simple interest formula is I=Prt. What does the t represent?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What does the "I" in the interest formula stand for?
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What does the "r" in the interest formula stand for?
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Maria borrowed $3,000 at a simple interest rate of 4% per year. How much did she have to repay after 4 years?
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Julie borrowed $3,500 for 3 years at 7½% simple interest rate.
How much interest is that?
$78750
$787.50
$810
$812.50
Tags
CCSS.7.RP.A.3
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