Simple Interest

Simple Interest

7th Grade

14 Qs

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Simple Interest

Simple Interest

Assessment

Quiz

Mathematics

7th Grade

Medium

CCSS
7.RP.A.3, HSF.BF.A.2, 8.EE.C.7B

+3

Standards-aligned

Created by

Shelby Dourson

Used 181+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Question #1

If you wish to calculate the amount of interest earned on an investment with a rate of 6.17%, what number will you plug into your equation for the rate?

A. 0.00617

B. 0.0617

C. 0.617

D. 6.17

A

B

C

D

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

The simple interest formula is I=PRT.  What does the T represent?

Principal

Time, in hours

Interest

Time, in years

Tags

CCSS.8.EE.C.7B

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Write 4.3% as a decimal.

4.3

.43

0.043

4300

Tags

CCSS.6.NS.B.3

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What does the "I" in the interest formula stand for?

Principal

Rate

Time

Interest

Tags

CCSS.HSA.SSE.A.1

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What does the "R" in the interest formula stand for?

Rate

Principal

Interest

Time

Tags

CCSS.8.EE.C.7B

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

The rate is given as a percent (%).  Before using it in the simple interest formula, you must first convert it to a______.

Fraction

Decimal

Ratio

Dollar Amount

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What does the P in I =PRT mean?

Power

Principal

Product

Percent

Tags

CCSS.HSA.SSE.A.1

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