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Simple Interest

Authored by Shelby Noble

Mathematics

7th Grade

30 Questions

CCSS covered

Used 1+ times

Simple Interest
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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the interest: 
$26,500 at 12% for 7 years

$22,260
$2,226,000
$2,252,500
$48,760

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the interest:
$1,350 at 4% for 3 years

$1,512
$16,200
$17,550
$162

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Principle (p) is...

a percent

Starting Money (deposit, loan etc)

time in years

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Time (t) is...

Time in years.

Time in months.

Time in seconds.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Rate (r) is a percent that has to be a...

fraction

decimal

cute

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Sarah has $45,000 in student loans. if there is a 6% interest rate, how much will she pay back in total over 10 years? 

$27,000
$72,000
$270,000
$315,000

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

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.RP.A.3

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