Simple Interest

Simple Interest

8th Grade

10 Qs

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Assessment

Quiz

Mathematics

8th Grade

Easy

CCSS
7.RP.A.3, 7.EE.A.2, HSA.SSE.A.2

Standards-aligned

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the simple interest formula?

I = rt

P = rt

I = prt

I = pt

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Time, t, must be in terms of what unit?

months

years

days

minutes

Tags

CCSS.7.EE.A.2

CCSS.HSA.SSE.A.2

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Find the simple interest earned to the nearest cent for each principal, interest rate and time.


REMINDER: I = prt


p = $500

r = 4%

t = 2 years

$4

$4,000

$40

$540

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Find the simple interest earned to the nearest cent for each principal, interest rate and time.


REMINDER: I = prt


p = $350

r = 6.2%

t = 3 years

$65.10

$6,510

$415.10

$356.20

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Find the simple interest earned to the nearest cent for each principal, interest rate and time.


REMINDER: I = prt


p = $740

r = 3.25%

t = 2 years

$788.10

$48.10

$4,810

$24.05

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Find the simple interest earned to the nearest cent for each principal, interest rate and time.

REMINDER: I = prt

p = $725
r = 4.3%

 t = 2 12 yearst\ =\ 2\ \frac{1}{2}\ years  

$31.18

$802.94

$7,793.75

$77.94

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Find the simple interest earned to the nearest cent for each principal, interest rate and time.

REMINDER: I = prt

p = $955
r = 6.75%

 t = 3 14 yearst\ =\ 3\ \frac{1}{4}\ years  

$209.50

$20,950.31

$1,164.50

$128.93

Tags

CCSS.7.RP.A.3

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