Percent Applications: Simple Interest
Quiz
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
Standards-aligned
Kylie Findley
Used 1+ times
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10 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Victoria borrowed $500 for college textbooks. The interest rate was 6%. She plans to pay back her loan in 6 months. How much will she pay total?
Tags
CCSS.7.RP.A.3
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Austin loaned his brother $20 and asked him to pay him back in 3 months. He's going to charge him 4% interest. Ausin is excited about all the money he will make in interest. How much will he really make in interest?
Tags
CCSS.7.RP.A.3
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Rachel borrowed $100. The interest rate for her loan is 8%. What is the difference in the interest she'll pay if she pays it back in 2 years verses 3 years?
Tags
CCSS.7.RP.A.3
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Dave puts $2000 in a certificate of deposit (CD) account that earns 4% in simple interest. If He leaves the money in there for 3 years, how much will he earn in interest?
Tags
CCSS.7.RP.A.3
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
How much interest would you pay on a 2-year loan for $300 that has an interest rate of 7%?
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the total amount:
Principal: $630
Interest Rate: 5.5%
Time: 6 months
$647.33
$17.33
$172.25
$803.25
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are planning to take out a 6-year loan with an interest rate of 1.5%. If x is the amount of the loan, write an expression that represents the simple interest accrued.
I = x(1.5)(6)
I = x(0.015)(6)
I = x(1.5 + 6)
I = 1.5x + 6x
Tags
CCSS.6.EE.B.6
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