4/27/22 SIMPLE & COMPOUND Interest

4/27/22 SIMPLE & COMPOUND Interest

7th - 9th Grade

15 Qs

quiz-placeholder

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4/27/22 SIMPLE & COMPOUND Interest

4/27/22 SIMPLE & COMPOUND Interest

Assessment

Quiz

Mathematics

7th - 9th Grade

Easy

CCSS
7.RP.A.3, HSF-LE.A.1C, HSF.BF.A.2

Standards-aligned

Created by

Tristan Rende

Used 5+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

I = Prt where r represents the rate.  Rates must be converted into ____ before multiplying.

fractions
mixed numbers
decimals

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is 7.25% converted to a decimal?

.725
0.725
0.0725
7.25

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the simple interest earned.

14
140
168
16.80

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

$7.50
$26.25
$87.5
$262.50

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Ann puts $300 in a bank account earning 4% interest.  How much will she earn in interest in 1 year?

4
8
12
16

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

5 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

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Emily’s parents put $1500 in her bank account for college tuition at a simple interest rate of 8.25%. What will be the balance after 18 years?

$22,275

$2227.50

$12,375

$3727.50

Tags

CCSS.7.RP.A.3

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