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Simple Interest Quizizz 2

Authored by Timothy McGill

Mathematics, Business

9th - 12th Grade

Used 3+ times

Simple Interest Quizizz 2
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12 questions

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1.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

The extra money you have to pay when you take out a loan is called

Interest

Principal

Rate

Time

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The equation for maturity value is

MV = T + I

MV = P + T

MV = P + PRT

MV = P * I

3.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

Find the interest on a loan of $4,325 that was given for 3 years at an interest rate of 5.25%.

$6,811.88

$68,118.75

$68.12

$681.19

4.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

How many years is 67 days?

5.58

.18

.29

2.56

5.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

How many years is 2 months?

.17

.005

2

6.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

How many years is 743 days?

1.89

2.04

61.92

1.43

7.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

A loan is taken out for $15,600 dollars for 31 months at an interest rate of 4.25%. Which equation below would I use to find the simple interest on this loan.

I = $15,600 * 31 * .0425

I = $15,600 * 2.58 * .425

I = $15,600 * 31 * 4.25

I = $15,600 * 2.58 * .0425

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