Simple Interest Quiz

Sarah invests $2,000 in a savings account that earns 5% simple interest per year. How much interest will she earn in 3 years?

• $300

• $200

• $150

• $100

Tags

CCSS.7.RP.A.3

John lends $5,000 to his friend at a simple interest rate of 4% per year. How much interest will his friend pay after 2 years?

• $400

• $200

• $300

• $500

Tags

CCSS.7.RP.A.3

A bank offers a simple interest rate of 6% per year on a deposit of $3,500. How much will the account be worth after 4 years?

• $4,340

• $4,200

• $4,000

• $3,800

Tags

CCSS.7.RP.A.3

Emily borrowed $1,200 from a lender at a simple interest rate of 8% per year. How much interest does she owe after 5 years?

• $480

• $400

• $500

• $450

Tags

CCSS.7.RP.A.3

Tom deposits $7,500 into an account that earns 3% simple interest annually. What will be the total amount in the account after 6 years?

• $8,850

• $8,000

• $8,500

• $8,250

Tags

CCSS.7.RP.A.3

A company borrows $15,000 at a simple interest rate of 7% per year. How much interest will it pay in 3 years?

• $3,150

• $3,000

• $3,200

• $3,100

Tags

CCSS.7.RP.A.3

Lisa invests $10,000 at a simple interest rate of 5.5% per year. How much interest will she earn in 4 years?

• $2,200

• $2,000

• $2,100

• $2,300

Tags

CCSS.7.RP.A.3

Mark lends $8,000 to a friend at an interest rate of 9% per year. How much interest will he earn after 2.5 years?

• $1,800

• $1,700

• $1,900

• $2,000

Tags

CCSS.7.RP.A.3

A principal amount of $2,500 is invested at a simple interest rate of 6.5% per year. How much interest is earned after 3 years?

• $487.50

• $500.00

• $450.00

• $475.00

Tags

CCSS.7.RP.A.3

Jenny deposits $4,000 in a savings account with a simple interest rate of 4% per year. How much interest will she earn in 2 years?

• $320

• $300

• $350

• $400

Tags

CCSS.7.RP.A.3