Simple Interest
Quiz
•
Mathematics
•
11th Grade
•
Practice Problem
•
Hard
Standards-aligned
Jepsie So
Used 14+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 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
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
3 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?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.
$160
$800
$80,000
$16
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Ann puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?
Tags
CCSS.6.RP.A.3C
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
An interest resulting from periodic addition of simple interest to the principal amount is what you called?
7.
FILL IN THE BLANK QUESTION
3 mins • 1 pt
What is the total number of conversion periods when a certain amount is borrowed at 5.5% compounded quarterly for 4 years?
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