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Simple Interest Warm Up

Authored by Kaitlyn Eastin

Mathematics

7th Grade

Used 5+ times

Simple Interest Warm Up
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5 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Principal = $350. Interest rate = 2.5% Time = 3 years. How much interest?

$7.50

$26.25

$87.5

$262.50

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

95
105
125
135

3.

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

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?

6%
6%
8%
9%

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Anna invested $2,500 at an annual rate of 5%.  How long will it take until Anna earns $1,125 in interest?

5 years
8 years
10 years
9 years

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