
Interest
Authored by Maritoni Martinez
Mathematics
11th Grade
25 Questions
Used 4+ times

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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The simple interest formula is I=Prt. What does the t represent?
Principle
Interest
Time
Percent Rate
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.
the amount of money borrowed or deposited
the percent interest for his year
the amount taxed
the amount the bank owes you for being a customer at their bank
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
$150
$192
$1350
$1392
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what time period did Leroy borrow the money?
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is 7.25% converted to a decimal?
.725
0.725
0.0725
7.25
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
I = Prt where r represents the rate. Rates must be converted into ____ before multiplying.
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the simple interest earned.
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