
Simple Interest
Quiz
•
Mathematics
•
8th Grade
•
Medium
Lacey Bueno
Used 2+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
5 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______.
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Ann puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Calculate the interest. I = PRT,
Principal = $10000,
Rate = 7%,
Time = 20 years
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Calculate the interest. I = PRT,
Principal = $1000,
Rate = 6%,
Time = 2 years
$100
$120
$180
1200
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