Simple Interest Review

Simple Interest Review

9th - 12th Grade

10 Qs

quiz-placeholder

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Simple Interest Review

Simple Interest Review

Assessment

Quiz

Mathematics

9th - 12th Grade

Practice Problem

Hard

Created by

Zac Marshall

Used 6+ times

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10 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Alex invested $5,000 in a savings account with an annual interest rate of 4%. How much interest will he earn after 2 years?

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Sarah borrowed $3,000 at a simple interest rate of 6% per year. If she repaid $900 in interest, how long was the money borrowed?

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Jason deposited $8,000 in a bank account and earned $560 in interest after 4 years. What was the annual interest rate?

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Maria invested $2,500 at a simple interest rate of 8% per year. If she earned, how much money will she have after 3 years?

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

If the simple interest for 1 year on a loan is $120 and the interest rate is 5%, what is the principal amount?

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Emma borrowed $6,000 at a simple interest rate of 7%. If she repaid a total of $6,840, how long was the money borrowed?

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Tom invested $4,000 for 5 years and earned $800 in interest. What was the annual interest rate?

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