Search Header Logo

Simple Interest

Authored by KELLY GEORGE

Mathematics

7th Grade

Simple Interest
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the "I" in the interest formula stand for?

Important

Interest

Internet

Investment

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the "p" in the interest formula stand for?

Principal

Percent

rate

time

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the "r" in the interest formula stand for?

Principal
Interest
rate
time

4.

MULTIPLE CHOICE QUESTION

1 min • 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

1 min • 1 pt

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

95
105
125
135

6.

MULTIPLE CHOICE QUESTION

1 min • 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

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the interest on a savings account at a rate of 2%, given a starting amount of $575, over 1 year's time?

$115

$586.50

$11.50

$1.50

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?