2.7 Simple Interest
Authored by KELSEY BROWN
Mathematics
7th Grade
CCSS covered
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10 questions
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1.
MULTIPLE CHOICE QUESTION
3 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
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 months.
$33.50
$40,000
$50
$400
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.
$135
$13,500
$270
$27,000
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
After 12 years, a deposit of $10,000 into your college account has earned $6,000 in interest payments. What simple interest rate did the account earn?
50%
5%
500%
7.5%
Tags
CCSS.7.RP.A.3
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