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simple interest rate 3-6 additional practice

Authored by Elan Daviglus

Mathematics

7th Grade

CCSS covered

Used 2+ times

simple interest rate 3-6 additional practice
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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

The simple interest formula is I=Prt.  The P represents the principle.  The principle is ___________________.  

the amount of money borrowed or deposited
the percent interest for his year
the amount taxed
the amount the bank owes you for being a customer at their bank

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Principal
Interest
Rate
Time

Tags

CCSS.8.EE.C.7B

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Principal
Interest
rate
time

Tags

CCSS.8.EE.C.7B

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Write the percent as a decimal. 
4.3%

4.3
.43
.043
4300

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is 7.25% converted to a decimal?

.725
0.725
0.0725
7.25

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

$160

$800

$80,000

$16

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.

$135

$13,500

$270

$27,000

Tags

CCSS.7.RP.A.3

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