Simple Interest

Simple Interest

7th Grade

19 Qs

quiz-placeholder

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Simple Interest

Simple Interest

Assessment

Quiz

Mathematics

7th Grade

Practice Problem

Hard

Created by

emjhay b.

Used 6+ times

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Luke invested his money in the stock market worth ₱500,000 that earns about 5% yearly. How much will be the interest after 10 years?

₱20,000

₱250,000

₱25,000

₱200,000

2.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Sarah invested ₱150,000 in a savings account with an annual interest rate of 3%. How much will she have after 4 years?

₱162,000

₱180,000

₱156,000

₱165,000

3.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

David took a loan of ₱50,000 at an interest rate of 12% per annum. If he pays it back after 3 years, what will be the total amount he needs to repay?

₱56,000

₱60,000

₱66,000

₱64,000

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Emma placed ₱200,000 in a fixed deposit account that offers 4% interest per year. How much interest will she earn after 5 years?

₱40,000

₱10,000

₱8,000

₱20,000

5.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Olivia invested ₱300,000 in a mutual fund with an annual return of 6%. How much will she have after 3 years?

₱339,000

₱378,000

₱360,000

₱400,000

6.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

James took a loan of ₱80,000 at an interest rate of 9% per annum. If he pays it back after 4 years, what will be the total amount he needs to repay?

₱95,000

₱100,000

₱110,000

₱105,000

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Chloe deposited ₱250,000 in a savings account that offers 5% interest per year. How much interest will she earn after 6 years?

₱75,000

₱15,000

₱30,000

₱60,000

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