
Simple Interest Quiz
Authored by Michael Bonewald
Mathematics
9th Grade
CCSS covered
Used 7+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The Junior Class at West Side High School starts a charity collection on Monday, with $78 donated by the Parents Organization. They plan to add $2 to the fund each day. How much will they have after 90 days?
$258
$168
$312
Tags
CCSS.3.OA.D.8
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Arrange the following interest rates from largest to smallest:
3.04%, 3.019%, 3.4%
3.04, 3.019, 3.4
3.019, 3.04, 3.4
3.4, 3.04, 3.019
3.019, 3.4, 3.04
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Mike has a savings account at a bank that charges a $10 fee for every month his balance falls below $1,000. His account has a balance of $1,203.44 and he withdraws $300. What will his balance be in 6 months if he makes no deposits or withdrawels?
$843.44
$903.44
$893.44
Tags
CCSS.7.EE.B.3
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
John, Paul, and George are having a disagreement over interest rates. John says that 6 3/4% can be expressed as 6.75%. George thinks that 6 3/4% can be expressed as 0.0675. Paul remembers converting percents to equivalent decimals and thinks it can be expressed as 0.0675%. Two of them are correct, one of them is incorrect. Which person is incorrect?
John
Paul
George
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Find the simple interest on a $2,350 principal deposited for 6 years at a rate of 2.77%?
$390.57
$2,740.57
$3905.70
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Ryan deposits $775 in an account that pays 1.24% simple interest for 4 years. What is Ryan's balance after 4 years?
$1,159.40
$384.40
$813.44
$38.44
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You purchase a car for $20,000 and finance the payments over a 4 year term with an interest rate of 5.3%. How much will you pay in interest after 4 years?
$4,240
$42,400
$424
Tags
CCSS.7.RP.A.3
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