
Simple Interest
Authored by Damian Dyke
Mathematics
University
Used 4+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To the nearest dollar, how much money would have to be invested from June 4 until December 22 at 13%, in order to earn $750 in interest?
$12,840
$5,769
$2,186
$10,476
$5,151
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At what simple annual interest rate would $835 grow to $900 in 5 months?
16.7%
4.5%
7.8%
18.7%
17.3%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At what simple annual interest rate would $1,896 grow to $2000 in 300 days?
6.7%
8.5%
7.8%
5.5%
6.3%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An investment of $19,250 grew to $20,000 between March 26 and October 10. What simple annual interest rate did the investment earn?
3.9%
8.5%
6.9%
5.5%
7.2%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many months would it take for $3,500 to grow to $4,000 at 15%?
9.5
11.4
348
10
6.6
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To the nearest day, how many days would it take for $9,500 to grow to $10,000 at 7%?
75
188
261
365
274
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long will it take to earn $542.40 interest on an investment of $6,400 at 11.3%?
7.5 months
8.0 months
8.5 months
9.0 months
9.5 months
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