
1/4 - 6.6 Simple Interest
Authored by Terri Moyer
Mathematics
7th Grade
Used 3+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much simple interest
is earned?
$750 at 6% for 3 years
$1.35
$13.50
$135
$1350
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Find the annual interest rate.
I = $30, P = $150, t = 2 years
4%
6%
8%
10%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You deposit $300 in a savings account. The account earns 5% simple interest per year. What is the account balance after 4 years?
$60
$120
$360
$420
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
Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Sam borrowed $4,500 for 2 years and had to pay $630 simple interest at the end of that time. What rate of interest did he pay?
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You lend $240 to your friend. He pays you back $270. What interest rate did you charge your friend?
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