Simple Interest Exit Ticket

Simple Interest Exit Ticket

7th Grade

11 Qs

quiz-placeholder

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Simple Interest Exit Ticket

Simple Interest Exit Ticket

Assessment

Quiz

Mathematics

7th Grade

Easy

CCSS
7.RP.A.3, 8.EE.C.7B, HSF.LE.A.4

Standards-aligned

Created by

Eugenia Grigorian

Used 3+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the formula for simple interest?

A=P(1+r)t

I = P x R x T

P = I x T

R = P x I x T

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the "I" in the interest formula stand for?

Principal
Interest
Rate
Time

Tags

CCSS.8.EE.C.7B

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the P in I =PRT mean?

Power

Principal

Product

Percent

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The simple interest formula is I=Prt.  What does the t represent?

Principle
Interest

Time, in months

Time, in years

Tags

CCSS.8.EE.C.7B

5.

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______.

Fraction

Decimal

Ratio

Dollar Amount

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

Tags

CCSS.7.RP.A.3

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

Tags

CCSS.7.RP.A.3

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