Simple Interest

Simple Interest

7th - 9th Grade

17 Qs

quiz-placeholder

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Simple Interest

Simple Interest

Assessment

Quiz

Mathematics

7th - 9th Grade

Medium

CCSS
7.RP.A.3, HSF.BF.A.2, 4.MD.A.1

+2

Standards-aligned

Created by

Jase Little

Used 2+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 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

3 mins • 1 pt

Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.

$135

$13,500

$270

$27,000

Tags

CCSS.HSF.BF.A.2

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Find the simple interest paid on a deposit of $225 at a rate of 1.5% over 2 years.

$6.75

$3.375

$2,278.13

$6,750

Tags

CCSS.HSF.BF.A.2

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

When Loofa was born, her parents put $8,000 into a college fund account that earned 9% simple interest. Find the amount of interest earned after 18 years.

$720

$20,960

$1,080

$12,960

Tags

CCSS.HSF.BF.A.2

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

After 12 years, a deposit of $10,000 into your college account has earned $6,000 in interest payments. What simple interest rate did the account earn?

50%

5%

500%

7.5%

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?

95
105
125
135

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

Principle
Interest
Time, in hours
Time, in years

Tags

CCSS.7.RP.A.3

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