
simple interest
Quiz
•
Mathematics
•
7th Grade
•
Hard

Madison Davis
FREE Resource
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8 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?
2.
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?
3.
MULTIPLE CHOICE QUESTION
5 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
4.
MULTIPLE CHOICE QUESTION
2 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?
5.
MULTIPLE CHOICE QUESTION
5 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? (Find Time)
5 years
8 years
10 years
9 years
6.
MULTIPLE CHOICE QUESTION
1 min • 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?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Frank has earned $387 in interest over the past 3 years in his account. If the bank has a 1% interest rate, how much was the principal?
$12,900
$1,290
$129,00
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