Simple Interest_Essential Math
Authored by Meera Venkatraman
Mathematics
11th Grade
Used 6+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If you are calculating the simple interest and you are given the time in months, how can you find the time in years?
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
How do you calculate the balance in an account, with interest?
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Christian opened a savings account with $3250. His account will earn 5.2% simple interest. How much money will be in his account after 6 years?
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Philip has $300,000 in his retirement account, which earns 2.89% interest per year. How much money will he have in his account after 39 months?
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Susan paid $3,000 in interest on a 60 month loan of $32,000. What was the interest rate on this loan?
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
John invested $10,000 in a savings account with an annual interest rate of 2%. How much interest will he earn after 5 years?
$500
$1000
$1500
$2000
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