Interest Quiz
Authored by Josh Schneider
Mathematics
9th Grade - University
CCSS covered
Used 2+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What does the I in I = PRT mean?
invest
interest
ice cream
internal
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What is the simple interest earned on a savings account over 2 years, given a principal of $200 and a rate of 5%?
$5
$25
$20
$2
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What does the R in I =PRT mean?
rate
real number
recommend
rounding
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What does the P in I =PRT mean?
Power
Principal
Product
Percent
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What would be the total amount of your student loan, if you had to pay back a loan of $10,550, at a rate of 3% simple interest over the course of 10 years ?
$13,715
$3165
$31,650
$10,550
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
Write the percent as a decimal.
4.3%
7.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
Principal = $500
Interest Rate = 5%
Time = 5 years
What is the simple interest earned?
$95
$125
$105
$135
Tags
CCSS.7.RP.A.3
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