Simple & Compound Interest

Simple & Compound Interest

9th - 12th Grade

20 Qs

quiz-placeholder

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Simple & Compound Interest

Simple & Compound Interest

Assessment

Quiz

Mathematics

9th - 12th Grade

Medium

CCSS
7.RP.A.3, 8.EE.C.7B, HSF-LE.A.1C

Standards-aligned

Created by

VICTORIA IASPARRO

Used 9+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

$160

$800

$80,000

$16

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.

$135

$13,500

$270

$27,000

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Principal = $500
Interest rate =5%
Time = 5 years
What is the simple interest earned?

95
105
125
135

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the "I" in the interest formula stand for?

Important
Interest
Internet
Igloo

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the "r" in the interest formula stand for?

Principal
Interest
rate
time

Tags

CCSS.8.EE.C.7B

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The simple interest formula is I=Prt.  What does the t represent?

Principle
Interest
Time, in hours
Time, in years

Tags

CCSS.8.EE.C.7B

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The rate is given as a percent (%).  Before using it in the simple interest formula, you must first convert it to a______.

fraction
decimal
ratio
dollar amount

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