Simple Interest Test
Authored by Leigha Sumner
Mathematics
7th Grade
Used 3+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is the formula for simple interest?
I=Prt
Int
T=Pri
A=Pirt
2.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What does the p in I = Prt mean?
Product
Power
Percent
Principal
3.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What does the r in I = Prt mean?
Reserve
Rate
Return
Resource
4.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What does the t mean in I = Prt?
Two
Time, in years
Time, in minutes
Tornado
5.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a
Dollar amount
Fraction
Decimal
Ratio
6.
MATCH QUESTION
10 mins • 5 pts
Match the following percentages to the correct decimal.
.5
5%
.05
20.2%
.02
20%
.202
2%
.2
50%
7.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
Write the percent as a decimal.
6%
6
.6
.06
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