Percent Applications: Simple Interest

Percent Applications: Simple Interest

7th Grade

10 Qs

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Percent Applications: Simple Interest

Percent Applications: Simple Interest

Assessment

Quiz

Mathematics

7th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, 6.EE.B.6

Standards-aligned

Created by

Kylie Findley

Used 1+ times

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10 questions

Show all answers

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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