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SIMPLE INTEREST

Authored by LC OJOMS

Mathematics

4th Grade

CCSS covered

Used 854+ times

SIMPLE INTEREST
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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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