Simple Interest/ Financial Literacy
Authored by Heather Crawford
Mathematics
8th Grade
CCSS covered
Used 5+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The formula to calculate simple interest is:
I = P x r x t
The "P" stands for :
Payment: the amount needed to pay back after the loan period
Period: the length of the loan
Principle: the amount of money that is borrowed
Payment: the amount the borrower needs to pay each month of the loan
Tags
CCSS.7.RP.A.3
2.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
Principal= ₱30,000
Rate of Interest=2.5%
Time=3 years
*Solve for the INTEREST.
REMINDERS:
1) Type your answers only.
2) No labels needed.
(a)
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.
$135
$13,500
$270
$27,000
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Calculate the interest. I = PRT,
Principal = $1000,
Rate = 6%,
Time = 2 years
$100
$120
$180
1200
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Write 0.37 as a percent (%)
37%
.37%
3.7%
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Anna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest?
Tags
CCSS.6.EE.B.7
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