Simple Interest
Quiz
•
Mathematics
•
9th - 10th Grade
•
Practice Problem
•
Hard
Melissa Roberts
Used 12+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Calculate the simple interest received when $7000 is invested for 2 years at 5% p.a.
$750
$350
$700
$640
2.
FILL IN THE BLANK QUESTION
2 mins • 1 pt
Calculate the simple interest received when $12 000 is invested for 4 years at 3% p.a.
3.
FILL IN THE BLANK QUESTION
2 mins • 1 pt
Ann puts $300 in a bank account earning 4% interest. How much interest will she earn in 1 year?
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Calculate the total amount to which $5500 will grow in 4 years if invested at 4.5% p.a. simple interest.
*Remember: Amount = I + P
$990
$6490
$5990
$5747.50
6.
FILL IN THE BLANK QUESTION
2 mins • 1 pt
Calculate the total amount to which $9000 will grow in 3 years if invested at 6.5% p.a. simple interest.
*Remember: Amount = I + P
7.
FILL IN THE BLANK QUESTION
2 mins • 1 pt
Calculate the total amount to which $20 000 will grow in 5 years if invested at 4% p.a. simple interest.
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