Finance
Quiz
•
Mathematics
•
9th - 12th Grade
•
Hard
+14
Standards-aligned
tom byrne
Used 2+ times
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33 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the "R" in the interest formula stand for?
2.
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______.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The Principal and Interest are always___________.
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Principal = $350.
Interest rate = 2.5% p.a. simple interest
TIme = 3 years.
How much interest is earned?
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Sandy borrows $1200 from a bank with 8% p.a simple interest. What is the total amount he will have to be pay back in 2 years?
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Mr. Peterson paid $1,020 in interest for a loan, which was given to him at a rate of 5% p.a simple interest for 3 years. How much money did he borrow originally?
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Jack deposited $1,400 in his bank account. After 3 years, the account earned $294 in interest. Find the simple interest rate.
Tags
CCSS.7.RP.A.3
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