Simple intrest

Simple intrest

8th Grade

10 Qs

quiz-placeholder

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Simple intrest

Simple intrest

Assessment

Quiz

Mathematics, Arts

8th Grade

Practice Problem

Medium

CCSS
7.RP.A.3, HSF.BF.A.2, 8.EE.C.7B

Standards-aligned

Created by

D.ANGAYARKANNI TEACHER

Used 68+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

$160

$800

$80,000

$16

Tags

CCSS.HSF.BF.A.2

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 months.

$33.50

$40,000

$50

$400

Tags

CCSS.HSF.BF.A.2

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

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

It

Interest

the Headless Iron Man

Ignoramus

Tags

CCSS.7.RP.A.3

4.

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

5.

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

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The simple interest formula is I=Prt. What does the t represent?

Principle

Interest

Time

Percent Rate

Tags

CCSS.8.EE.C.7B

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.

14
140
168
16.80

Tags

CCSS.7.RP.A.3

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