
Simple Interest
Quiz
•
Mathematics
•
7th Grade
•
Hard
Don Potter
FREE Resource
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12 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Anna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest?
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Interest can be defined as:
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Convert 18 months to years.
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a______.
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Anna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest?
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Mr. Peterson paid $1,020 in interest for a loan, which was given to him at a rate of 5% for 3 years. How much money did he borrow originally?
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