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Simple Interest

Authored by Andrew Carroll

Mathematics

6th - 8th Grade

CCSS covered

Used 43+ times

Simple Interest
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the formula I = PRT, what does the I stand for?

Interest

Principal

Rate

Time

Tags

CCSS.6.EE.B.7

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the formula I = PRT, what does the P stand for?

Interest

Time

Rate

Principal

Tags

CCSS.6.EE.B.7

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the formula I = PRT, what does the R stand for?

Time

Rate

Interest

Principal

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the formula I = PRT, what does the T stand for?

Rate

Principal

Time

Interest

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How to you calculate the balance of an account using the simple interest formula?

Calculate the interest and add it to the principal

Calculate the interest and subtract it from the principal

Calculate the rate and add it to the interest

Calculate the time and add it to the principal

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Before I can calculate anything using the simple interest formula I must first ____________________

Determine my interest

Convert my rate to a decimal

Determine my balance

Call my financial advisor for help

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Julie invested $100 at a rate of 6% for 10 years. How much interest did she earn?

$20

$160

$40

$60

Tags

CCSS.7.RP.A.3

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