Search Header Logo

Simple Interest CW

Authored by JanReqa Rogers

Mathematics

7th Grade

Simple Interest CW
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?

95
105
125
135

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?

$120
$144
$1,200
$1,440

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Question #7

Ike invests $7,660 in an account paying 7.27% simple interest annually. How much interest has Ike gained after four years?

A. $222.75

B. $2,227.53

C. $1,392.20

D. $13,922.05

A

B

C

D

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Dan borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back IN TOTAL after 2 years?

$150

$1350

$192

$1392

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Jane received $875 from her quincenera. She deposited it into her savings account which will earn 3.75% simple interest. If she makes no other deposits or withdrawals for 15 years, what will be the total in her account?

$880

$5797

$1367

$924

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?