Simple Interest Formula

Simple Interest Formula

Professional Development

10 Qs

quiz-placeholder

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Simple Interest Formula

Simple Interest Formula

Assessment

Quiz

Mathematics

Professional Development

Practice Problem

Medium

CCSS
7.RP.A.3, 6.RP.A.3C, HSF.BF.A.2

+1

Standards-aligned

Created by

Etienne Marcoux

Used 55+ times

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10 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

3 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.6.RP.A.3C

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the "I" in the interest formula stand for?
Principal
Interest
Rate
Time

Tags

CCSS.7.RP.A.3

4.

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

5.

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the "r" in the interest formula stand for?
Principal
Interest
rate
time

Tags

CCSS.7.RP.A.3

7.

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

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