Simple Interest
Quiz
•
Mathematics
•
6th - 8th Grade
•
Medium
Standards-aligned
Robert Duffy
Used 5+ times
FREE Resource
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10 questions
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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?
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?
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?
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The simple interest formula is I=Prt. What does the t represent?
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
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