7S: Ch. 6 Topic 8 Simple Interest

What is the interest on a savings account at a rate of 2%, given a starting amount of $575, over 1 year's time?

• $115

• $586.50

• $11.50

• $1.50

Tags

CCSS.7.RP.A.3

You take out a car loan. How much will you pay in total for the car, if your loan is for $8000, at a rate of 5% interest, over 3 years?

• $1,200

• $120

• $920

• $9,200

Tags

CCSS.7.RP.A.3

Principal = $500
Interest rate = 5%
Time = 5 years

What is the interest earned?

• 95
• 105
• 125
• 135

Tags

CCSS.7.RP.A.3

Javon has a credit card with a $1,583 balance. His interest rate is 8.8%. how much interest does he owe after 3 years?

• $4,179

• $417.91

• $133,930

• $41,791

Tags

CCSS.7.RP.A.3

I = $77,115

p = $29,100

r = ?

t = 20 years

• 8%

• 8.25%

• 13%

• 13.25%

I = $131.60

p = $470

r = ?

t = 7 years

What was the interest rate?

• 4%

• 18%

• .04%

• 1.8%

Tags

CCSS.6.EE.B.7

Karissa deposited $10,000 for 4 years at a rate of 6% interest.

Find the total amount Karissa has in her account after 4 years.

• $1,500

• $12,400

• $2,400

• $12,000

Tags

CCSS.7.RP.A.3

To buy a car, Jessica borrowed $15,000 for 3 years at an annual simple interest rate of 9%.

What is the total amount that she will repay?

• $4,050

• $15,000

• $19,050

• $23.050

Tags

CCSS.7.RP.A.3

Lauren has $100 in a savings account that earns 10% interest annually.

How much interest will she earn in 2 years?

• $20

• $2

• $200

• $0.20

Tags

CCSS.7.RP.A.3

Emilio borrows $1200 from a bank with 8% simple interest per year.  

How much will he have to pay back total in 2 years?

• $150
• $192
• $1350
• $1392

Tags

CCSS.7.RP.A.3