TEKS.MATH.7.13E

TEKS.MATH.7.13E

7th Grade

20 Qs

quiz-placeholder

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TEKS.MATH.7.13E

TEKS.MATH.7.13E

Assessment

Quiz

Mathematics

7th Grade

Hard

TEKS
MATH.7.13E

Standards-aligned

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

Principle
Interest
Time
Percent Rate

Tags

TEKS.MATH.7.13E

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

I = Prt where r represents the rate.  Rates must be converted into ____ before multiplying.

fractions
mixed numbers
decimals

Tags

TEKS.MATH.7.13E

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

95
105
125
135

Tags

TEKS.MATH.7.13E

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Kara borrowed $21,000 for 5½ years at an annual compound interest rate of 7.5% to buy a car.  What is the total amount she will repay the bank for the auto loan?

$31258.30
$10258.30
$981750
$27165

Tags

TEKS.MATH.7.13E

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Kara borrowed $21,000 for 5½ years at an annual compound interest rate of 7.5% to buy a car.  How much interest will she pay on top of the principal at the end of the 5½ years?

$31258.30
$27165
$10258.30
$981750

Tags

TEKS.MATH.7.13E

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Harley wants to buy a car that costs $15,000.  Bank One offers her a 3 year loan at a simple interest rate of 9%.  Bank Two offers her a 5 year loan at an annual compound interest rate of 3.5%.  Which bank offer should she choose?

She will pay $1,234.70 less if she chooses Bank Two.
She will pay $1,234.70 less if she chooses Bank One.

Tags

TEKS.MATH.7.13E

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Calculate the interest.  I = PRT,
Principal = $10000,
Rate = 7%,
Time = 20 years

1400
1000
14000
14

Tags

TEKS.MATH.7.13E

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