simple interest

simple interest

7th Grade

8 Qs

quiz-placeholder

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simple interest

simple interest

Assessment

Quiz

Mathematics

7th Grade

Hard

Created by

Kari Lachacz

Used 1+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

$160

$800

$80,000

$16

2.

MULTIPLE CHOICE QUESTION

2 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

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When Loofa was born, her parents put $8,000 into a college fund account that earned 9% simple interest. Find the amount of interest earned after 18 years.

$720

$20,960

$1,080

$12,960

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If ,Principal = $500

Interest rate =5%

Time = 5 years

what is the interest earned?

95

105

125

135

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Emilio borrows $1,200 from a bank at a rate of 8% per year. How much will he have to pay back in total after 2 years?

$150

$192

$1350

$1392

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What does the "R" in the simple interest formula stand for?

Principal

Interest

Rate

Time

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Maria borrowed $3,000 at a rate of 4% per year. How much did she have to repay after 4 years?

$480

$3,480

$4,800

$7,800

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