Search Header Logo

Simple Interest

Authored by Robert Duffy

Mathematics

6th - 8th Grade

CCSS covered

Used 5+ times

Simple Interest
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 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

Tags

CCSS.7.RP.A.3

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

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The simple interest formula is I=Prt.  What does the t represent?

Principle
Interest
Time, in hours
Time, in years

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is the interest earned on a savings account over 2 years, given a principal of $200 and a rate of 5%?

$5

$25

$20

$2

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What does the R in I =PRT mean?

rate

real number

recommend

rounding

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What does the P in I =PRT mean?

Power

Principal

Product

Percent

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?