Search Header Logo

Simple Interest

Authored by BABYLAKSHMI S

Mathematics

12th Grade

Used 4+ times

 Simple Interest
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Hey there, students! If Viaan wants to know how much simple interest he can earn on a principal of $500 at an interest rate of 5% over 3 years, what would that amount be?

$75

$150

$50

$100

2.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Hey there, math whizzes! Advait, Arnav, and Viaan are on a quest to find out the principal amount. They know that the simple interest earned is $120, the interest rate is 4%, and the time period is 2 years. Can you help them figure it out?

1500

1800

1200

2000

3.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Hey there, Kiara! Imagine you have $1,000 to invest at a simple interest rate of 6% for 5 years. Can you figure out how much interest you'll earn by the end of this adventure?

$500

$300

$150

$200

4.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Hey there, Alisha! Can you help Arnav figure out the time period for a loan? If the principal is $800 and the interest earned is $160 with an interest rate of 4%, how long did it take to earn that interest?

10 years

5 years

7 years

3 years

5.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Hey there, Shaan! Let's have some fun with math. Can you figure out how much interest Anika will earn on her $2,000 principal if she invests it at a rate of 3% for 4 years? Put on your thinking cap!

$300

$120

$180

$240

6.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Aanya is trying to figure out how much interest she earned on her savings. If the simple interest earned is $90 and the principal amount is $600, can you help her find out what the interest rate is?

10%

15%

20%

25%

7.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Aarush wants to borrow $1,500 for a fun project that will last 2 years. He finds a lender who offers a simple interest rate of 5%. Can you help him figure out the total amount he will need to repay at the end of the loan?

$1,650

$1,200

$1,800

$1,500

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?