Profit And Loss And Simple Interest
Authored by Midnight wolf
Mathematics
6th - 8th Grade
CCSS covered
Used 18+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the formula to find Simple interest ?
(Principle x time x Rate) divided by 100
Principle + rate + time
Principle + rate divided by time
Principle x time/ rate
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How to find whether an object is selling at a profit?
Selling price < Cost price = Profit
Selling price > Cost price = Profit
Tags
CCSS.6.RP.A.3B
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When is a product selling at a loss?
Cost price < Selling price = Loss
Cost price > Selling price = Loss
Tags
CCSS.6.RP.A.3B
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is Principal?
Principle is the amount you deposit or take a loan from a bank
Principle is the total amount you pay to the bank( with added SI)
Principle is the amount of years you deposited or took a loan from a bank.
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is Simple interest?
Simple interest is the extra money you pay to the bank or the amount the bank pays to you.
Simple interest is the amount you deposit in a bank
Simple interest is the time you take to return the money to the bank
Tags
CCSS.7.RP.A.3
6.
FILL IN THE BLANKS QUESTION
5 mins • 1 pt
Solve:-
Mary deposited $100 to a bank her rate is 3% and the time is 2 years. What is the Simple interest the bank paid to her?
(a)
Tags
CCSS.7.RP.A.3
7.
OPEN ENDED QUESTION
5 mins • Ungraded
Think and answer:-
If you run a bank.... how much SI will you give to a person who deposited 100 dollars for 1 year ( This question need not need a exact number)
Evaluate responses using AI:
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Tags
CCSS.7.RP.A.3
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