Simple Interest

Simple Interest

7th Grade

11 Qs

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Simple Interest

Simple Interest

Assessment

Quiz

Mathematics

7th Grade

Medium

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

Standards-aligned

Created by

Emily Pearl

Used 8+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 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

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a______.

fraction

decimal

ratio

dollar amount

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

$7.50
$26.25
$87.5
$262.50

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Calculate the interest. I = PRT,

Principal = $1000,

Rate = 6%,

Time = 2 years

$100

$120

$180

1200

5.

MULTIPLE CHOICE QUESTION

2 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

2 mins • 1 pt

Javon has a credit card with a $1,583 balance. His interest rate is 8.8%. If he does not pay for 3 years, how much interest does he owe?

$4,179

$417.91

$133,930

$41,791

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?

$150
$192
$1350
$1392

Tags

CCSS.7.RP.A.3

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