Miller Math-Simple & Compound Interest

Miller Math-Simple & Compound Interest

7th - 8th Grade

22 Qs

quiz-placeholder

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Miller Math-Simple & Compound Interest

Miller Math-Simple & Compound Interest

Assessment

Quiz

Mathematics

7th - 8th Grade

Practice Problem

Medium

CCSS
7.RP.A.3, HSF.BF.A.2, HSA.CED.A.1

+14

Standards-aligned

Created by

Diana Miller

Used 10+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

3 mins • 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

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

I = Prt where r represents the rate.  Rates must be converted into ____ before multiplying.

fractions
mixed numbers
decimals
integers

Tags

CCSS.6.EE.B.7

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for simple interest?

A=P(1+r)t
I=Prt
I=P(1+r)t
A=Prt

Tags

CCSS.8.EE.C.7B

5.

MULTIPLE CHOICE QUESTION

3 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

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Write the percent as a decimal. 
4.3%

4.3
.43
.043
4300

Tags

CCSS.7.NS.A.3

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

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

Important
Interest
Internet
Igloo

Tags

CCSS.HSF.BF.A.2

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