Simple Interest

Simple Interest

8th Grade

30 Qs

quiz-placeholder

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Simple Interest

Simple Interest

Assessment

Quiz

Mathematics

8th Grade

Easy

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

+3

Standards-aligned

Created by

Jena Rakowitz

Used 6+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Write the percent as a decimal. 
4.3%

4.3
.43
.043
4300

Tags

CCSS.7.NS.A.3

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

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

Important
Interest
Internet
Igloo

Tags

CCSS.HSF.BF.A.2

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Simple Interest:

Starting money = $350.

Interest rate = 2.5%

TIme = 3 years.

How much interest?

$7.50

$26.25

$87.5

$262.50

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Calculate the interest. I = PRT,

Principal = $1000,

Rate = 6%,

Time = 2 years

$100

$120

$180

1200

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Calculate the interest.  I = PRT,
Principal = $10000,
Rate = 7%,
Time = 20 years

1400
1000
14000
14

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

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

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Alex borrowed $4,000 for 5 years at 6% simple interest rate to pay for his band equipment. How much interest is that?

$800

$1,000

$1,200

$1,500

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