Simple Interest #1

Alexton the Skeleton borrowed $4,000 for 5 years at 6% simple interest rate to pay for his band equipment. How much interest is that?

• $800

• $1,000

• $1,200

• $1,500

Tags

CCSS.7.RP.A.3

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

• 95
• 105
• 125
• 135

Tags

CCSS.7.RP.A.3

You lend $240 to your friend.  He pays you back $270.  What interest rate did you charge your friend?

• 88%
• 20%
• 12.5%
• 10%

Tags

CCSS.6.RP.A.3C

Anna invested $2,500 at an annual rate of 5%.  How long will it take until Anna earns $1,125 in interest?

• 5 years
• 8 years
• 10 years
• 9 years

Tags

CCSS.7.RP.A.3

Determine the balance on a $250 account that earns 3% simple interest over 7 years.

• $52.50
• $302.50
• $53.00
• $305.00

Tags

CCSS.7.RP.A.3

Calculate the interest earned on a $4,500 savings account that earns 2.5% simple interest over three years.

• $338.00
• $33.80
• $33.75
• $337.50

Tags

CCSS.HSF.BF.A.2

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

You lend $240 to your friend.  He pays you back $270.  What interest rate did you charge your friend?

• 88%
• 20%
• 12.5%
• 10%

Tags

CCSS.6.RP.A.3C

What is the principal for the problem?

• 4.5%

• 2 years

• 0.045

• $500

Convert 18 months to years. 

• 18 Years
• 1.5 Years
• .18 Years
• You cannot change it to years.

Tags

CCSS.6.RP.A.3D