Simple Interest

Simple Interest

University

30 Qs

quiz-placeholder

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Simple Interest

Simple Interest

Assessment

Quiz

Mathematics

University

Practice Problem

Medium

Created by

Damian Dyke

Used 4+ times

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30 questions

Show all answers

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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