Simple Interest
Authored by Crystal Adams
Mathematics
7th Grade
CCSS covered
Used 7+ times
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8 questions
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1.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Assets are things you (a) . They have positive cash values.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A credit card bill is a ________.
liability
fixed expense
asset
networth
3.
DRAG AND DROP QUESTION
1 min • 1 pt
Formula for simple Interest (a)
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rob has $5,000. He deposits his money into a savings account at Town Bank which offers a 4.25% interest rate. If Rob does not make any deposits or withdrawals, how much simple interest will Rob's money earn after 6 months?
$10,625
$1275
$106.25
$127,500
Tags
CCSS.HSF.BF.A.2
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______.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% simple interest, how much will she have in total in her account at the end of 10 years?
$8700
$38,700
$870
$3,870
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the "r" in the interest formula stand for?
Tags
CCSS.8.EE.C.7B
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