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Unit 3 Topic 4 - Simple Interest

Authored by Heather Allen

Mathematics

7th Grade

Used 4+ times

Unit 3 Topic 4 - Simple Interest
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9 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

If Homer invests $200 at 4% yearly simple interest, how much money will he have after the two years are completed?

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Marge is borrowing money to buy a new car. If she borrows $8000 at a 7.5% interest rate for 3 years, how much money will she need to repay at the end of the loan?

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Bart is borrowing money to attend college. If he borrows $30,000 at a 12% interest rate for 4 years, how much money will he need to repay at the end of the loan?

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Maggie was given $500 for her 2nd birthday. Her parents deposit the money in the bank at a 4% interest rate. Maggie may withdraw the money when she turns 18. How much money will she have on her 18th birthday?

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Lisa borrowed $100 to purchase a new saxophone case. She must pay 3.5% simple interest for 6 months. How much money will she need to repay at the end of the loan?

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Sam invested $1500 at a simple interest rate of 5%. How much simple interest would he earn in 5 years?

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

You deposit $300 in an account that earns an annual interest rate of 3.5%. What is the interest earned in 1.5 years?

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