Simple interest- Warm up

Simple interest- Warm up

8th Grade

3 Qs

quiz-placeholder

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Simple interest- Warm up

Simple interest- Warm up

Assessment

Quiz

Mathematics

8th Grade

Medium

Created by

Damon Rucker

Used 1+ times

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3 questions

Show all answers

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?

$150
$192
$1350
$1392

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?

95
105
125
135

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?

$120
$144
$1,200
$1,440

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