Simple Interest Quiz 2

Simple Interest Quiz 2

8th - 9th Grade

7 Qs

quiz-placeholder

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Simple Interest Quiz 2

Simple Interest Quiz 2

Assessment

Quiz

Mathematics

8th - 9th Grade

Practice Problem

Hard

Created by

Ella Ella

Used 5+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Find the simple interest for a loan of $3400 at 5% for 2 years.

$340

$34000

$3400

$34

2.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

What is the total balance of an account with a starting balance of $600 at 2.4% for 6 months?

$672

$607.20

$864

$86.40

3.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

P = $560

R = 7%

T = ?

I = $196

19 Years

9 Years

5 Years

3 Years

4.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Betty invested $1475 at a rate of 8% and earned $177 in interest. How long was her money invested?

1 Year

1.5 Years

2 Years

3.5 Years

5.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Makayla earned $3000 on savings account after 10 years at a rate of 15%. How much money did she originally put in the account?

$1000

$6000

$2000

$1500

6.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

 Find the principal for a loan that has an earned interest of $3500 with an annual rate of 10% for 5 years.

$6500

$5000

$3750

$7000

7.

MULTIPLE SELECT QUESTION

10 mins • 1 pt

Reflecting on what Miss Lane asked me at the start of this lesson, I now feel:

Confident using the Simple Interest formula to determine Interest, Rate, Time and the Principal

I understand how to use the Simple Interest Formula to determine Interest, Rate, Time and the Principal, but need to practice

I am still having trouble understanding how to use the Simple Interest Formula to determine Interest, Rate, Time and the Principal