Simple Interest Problems

Simple Interest Problems

6th - 7th Grade

19 Qs

quiz-placeholder

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Simple Interest Problems

Simple Interest Problems

Assessment

Quiz

Mathematics

6th - 7th Grade

Practice Problem

Medium

CCSS
7.RP.A.3, HSF.BF.A.2, 6.EE.B.7

+2

Standards-aligned

Created by

Jake Riss

Used 70+ times

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the "I" in the interest formula stand for?

Principal
Interest
Rate
Time

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

John put 14,000 Euros in an account at a simple interest rate of 1% per year.  How much interest will he get after 12 years?

16,800 Euros
168,000 Euros
1,680 Euros

Tags

CCSS.HSF.BF.A.2

3.

MULTIPLE CHOICE QUESTION

1 min • 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?

$480
$3,480
$4,800
$7,800

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the "r" in the interest formula stand for?

Principal
Interest
rate
time

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Anna invested $2,500 at an annual rate of 5%.  How long will it take until Anna earns $1,125 in interest?

5 years
8 years
10 years
9 years

Tags

CCSS.6.EE.B.7

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Jack deposited $1,400 in his bank account.  After 3 years, the account earned $294 in interest.  Find the simple interest rate.

5%
8%
7.25%
7%

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The rate is given as a percent (%).  Before using it in the simple interest formula, you must first convert it to a______.

fraction
decimal
ratio
dollar amount

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

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