SIMPLE INTEREST
Authored by LC OJOMS
Mathematics
4th Grade
CCSS covered
Used 858+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The money you borrow or invest is called __________?
Simple Interest
Rate
Principal
Time
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The extra money created on the money borrowed is called________?
Amount
Rate
Interest
Principal
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount is equal to __________?
Rate + Time
Principal + Interest
Interest + Rate
Principal + Time
Tags
CCSS.8.EE.C.7B
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If ,Principal = $500
Interest rate =5%
Time = 5 years
what is the interest earned?
95
105
125
135
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Emilio borrows $1,200 from a bank at a rate of 8% per year. How much will he have to pay back in total after 2 years?
$150
$192
$1350
$1392
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the "R" in the simple interest formula stand for?
Principal
Interest
Rate
Time
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Maria borrowed $3,000 at a 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
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