Simple Interest Quiz

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

Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.

• 14
• 140
• 168
• 16.80

Tags

CCSS.7.RP.A.3

You have $3600 that you invest at 4% simple interest. How much would the balance be after 7 years?

• 3600
• 4608
• 1008
• 5000

Tags

CCSS.7.RP.A.3

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

Halle invested $4000 at a flat rate of 5% for 6 years.

How much interest did Halle earn on the investment?

• $12

• $120

• $1200

• $12000

Calculate the interest.  I = PRT,
Principal = $1000,
Rate = 6%,
Time = 2 years

• $100
• $120
• $180
• 1200

Tags

CCSS.6.EE.B.6

Write the percent as a decimal. 
43%

• 4.3
• .43
• .043
• 4300

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?

• $120
• $144
• $1,200
• $1,440

Tags

CCSS.HSF.BF.A.2

Ann puts $300 in a bank account earning 4% interest.  How much will she earn in interest in 1 year?

• 4
• 8
• 12
• 16

Tags

CCSS.6.RP.A.3C

Maria borrowed $3,000 at a simple interest rate of 4% per year.  How much did she have to repay after 4 years?

• $480
• $3,480
• $4,800
• $7,800

Tags

CCSS.7.RP.A.3