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TEKS.MATH.7.13E

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Mathematics

7th Grade

TEKS covered

TEKS.MATH.7.13E
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20 questions

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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

1 min • 1 pt

Robert invested $200 in a retirement account that had a rate of 20% that compounds annually.  If Robert leaves his money in for 3 years, how much money will be in his account rounded to the nearest cent?

$240.50
$300.60
$288.00
$345.60

Tags

TEKS.MATH.7.13E

TEKS.MATH.7.4D

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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

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

Tags

TEKS.MATH.7.13E

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Sarah borrowed $18,000 for 4 years at an annual simple interest rate of 7%.  What is the total amount she will repay for the car loan?

$504000
$5040
$23040
$18000

Tags

TEKS.MATH.7.13E

TEKS.MATH.7.4D

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A bank is offering 2.5% simple interest on a savings account.  If you deposit $5,000, how much interest will you earn in three years?

$5375
$375
$37500
$42500

Tags

TEKS.MATH.7.13E

TEKS.MATH.7.4D

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Ricco deposits $500 in an account that earns 2.5% interest compounded annually for 3 years.  Wally deposits $500 in an account that earns 5.1% interest compounded annually for 2 years.  Who will earn the greatest amount of interest?

Ricco will earn $13.85 more than Wally
Wally will earn $13.85 more than Ricco

Tags

TEKS.MATH.7.13E

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the ending balance:
$1,400 at 4% for 60 months

$1,456
$1,680
$280
$1,703.31

Tags

TEKS.MATH.7.13E

TEKS.MATH.7.4D

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