
Simple Interest Quiz
Quiz
•
Mathematics
•
8th Grade
•
Easy
Standards-aligned
Shanika Keyes
Used 1+ times
FREE Resource
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15 questions
Show all answers
1.
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______.
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Ann puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If you are calculating the simple interest and you are given the time in months, how can you find the time in years?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
15 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?
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Maria borrowed $3,000 at a rate of 4% per year. How much did she have to repay in total after 4 years?
$480
$3,480
$4,800
$7,800
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 years.
$300
$540
$500
$400
Tags
CCSS.7.RP.A.3
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