Grade 7 Simple Interest
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•24 Qs
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Grade 7 Simple Interest
Quiz
•
Mathematics
•
7th - 8th Grade
•
Practice Problem
•
Medium
Standards-aligned
Colleen Moulder
Used 3+ times
FREE Resource
Enhance your content in a minute
24 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Tina invested $2,000 in a simple interest account and earned 8% rate for 5 years. What is the interest that she earned on the account?
$160
$800
$80,000
$16
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Emilio borrows $1200 from a bank with 8.5% simple interest per year. How much will he have to pay back total in 2 years?
$204
$996
$1,020
$1,404
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The simple interest formula is I=Prt. What does the t represent?
Tags
CCSS.8.EE.C.7B
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the "I" in the interest formula stand for?
Tags
CCSS.8.EE.C.7B
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the "p" in the interest formula stand for?
Tags
CCSS.8.EE.C.7B
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the "r" in the interest formula stand for?
Tags
CCSS.8.EE.C.7B
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a______.
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