Simple Interest

Simple Interest

11th Grade

10 Qs

quiz-placeholder

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Simple Interest

Simple Interest

Assessment

Quiz

Mathematics

11th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, HSF.BF.A.2, 6.RP.A.3C

Standards-aligned

Created by

Jepsie So

Used 14+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

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

Media Image

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

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?

$150
$192
$1350
$1392

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?

4
8
12
16

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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