Simple Interest
Authored by Robert Ward
Mathematics
12th Grade
CCSS covered
Used 2+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating simple interest?
I = R * T
I = P * T
I = P * R
I = P * R * T
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the principal amount is $5000, the interest rate is 5%, and the time period is 3 years, what is the simple interest?
100
250
500
750
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the principal amount is $1000, the interest rate is 8%, and the simple interest is $80, what is the time period?
5
1
15
8
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the principal amount is $2000, the time period is 4 years, and the simple interest is $480, what is the interest rate?
0.06
0.12
0.1
0.08
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the interest rate is 6%, the time period is 2 years, and the simple interest is $240, what is the principal amount?
3000
1500
1000
2000
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the principal amount is $3000, the interest rate is 7%, and the simple interest is $630, what is the time period?
4
3
6
5
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the principal amount is $1500, the time period is 5 years, and the simple interest is $375, what is the interest rate?
5%
20%
15%
10%
Tags
CCSS.7.RP.A.3
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