SImple Interest Review 1
Authored by Kristy ECARE
Mathematics
8th Grade
CCSS covered
Used 10+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Principle (p) is ...
the amount of money earned
the percent (%)
the starting amount of money
the number of years
Tags
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.CED.A.4
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest is ...
the amount of money earned
the percent (%)
the starting amount of money
the number of years
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rate is ...
the amount of money earned
the percent (%)
the starting amount of money
the number of years
Tags
CCSS.7.RP.A.3
CCSS.7.RP.A.2
CCSS.7.RP.A.1
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you find the total account balance with using the simple interest formula?
Just use the formula.
Add the interest earned to the principal.
Subtract the interest earned from the principal.
You cannot find the total account balance.
Tags
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.4
CCSS.HSA.SSE.B.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The simple interest formula is I=Prt. What does the t represent?
Tags
CCSS.HSA.SSE.A.1
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Ryan is trying to determine how much interest he will earn by placing money into the bank. If he has $10,400 with a 1.5% rate over 30 months.
What is the PRINCIPAL in this?
15/100
$10,400
$39,000
30/12
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Ryan is trying to determine how much interest he will earn by placing money into the bank. If he has $10,400 with a 1.5% rate over 30 months.
What is the RATE in this?
15
1.5/100
.15
1.5
Tags
CCSS.7.RP.A.3
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