Simple Interest
Authored by Krista Vilella
Mathematics
7th - 9th Grade
CCSS covered
Used 9+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Find the amount of interest earned in a savings account with an initial deposit of $800 for 15 years at an interest rate of 3%.
$360
$1160
$3,600
$440
Tags
CCSS.HSF.BF.A.2
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Beth took out a 12-year loan for $35,000 for a new pool. If the interest rate is 10.2%, how much will she pay in interest?
$42,840
$77,840
$3,600
$41, 176
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How much interest will be earned on a $6,000 investment at 2.25% for 60 months?
$675
$8,100
$6,675
$6,225
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Caleb bought a $795 necklace for his wife's birthday. If he bought it on credit with an interest rate of 16.25%, how much total will he have paid after three years?
$1,182.56
$387.56
$3,875.63
$1,176.60
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Trevon invested $1,500 in an account with an interest rate of 4.25%. If he plans to retire in 18 and a half years, how much total will be in the account?
$2,679.38
$119,437.50
$2,647.50
$5,041.67
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John took out an $80,000 loan for college. If the loan has a 4.5% interest rate, and John takes 10 years to pay it back, how much will he pay total for the loan?
$116,000
$36,000
$81,777.78
$360,000
Tags
CCSS.7.RP.A.3
7.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
After seven years, an initial investment of $600 earned $84. Find the interest rate.
(a)
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