Final

Final

7th Grade

30 Qs

quiz-placeholder

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Final

Final

Assessment

Quiz

Mathematics

7th Grade

Practice Problem

Medium

Created by

FLORYLYN GALLARDO

Used 4+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

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

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

$7.50
$26.25
$87.5
$262.50

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Ann puts $300 in a bank account earning 4% interest.  How much will she earn in interest in 1 year?

4
8
12
16

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

$800
$1,000
$1,200
$1,500

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Ann puts $300 in a bank account earning 4% interest.  How much will she earn in interest in 1 year?

4
8
12
16

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

If you are calculating the simple interest and you are given the time in months, how can you find the time in years?

Add 12 to the months
divide the months by 12
multiply 12 times the months
You cannot change it to months.

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

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

Principle
Interest
Time, in hours
Time, in years

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