Understanding Simple Interest Calculations

Understanding Simple Interest Calculations

12th Grade

12 Qs

quiz-placeholder

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Understanding Simple Interest Calculations

Understanding Simple Interest Calculations

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Hard

CCSS
HSA.SSE.A.1, HSA.CED.A.1, HSF.LE.A.1

+11

Standards-aligned

Created by

Shaneka Lee

Used 5+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Benjamin earned $475 from mowing lawns last summer. He deposited this money in an account that pays a simple interest rate of 3.8%. What will be the amount of interest earned after 15 years?

$3182.50

$270.75

$2707.50

$745.75

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Ryan took out a loan for $25,690 to purchase a new truck at a simple interest rate of 5.2%. How much interest will he pay on his truck after 5 years?

$6,679.40

$32,369.40

$66,794

$679.40

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

CCSS.HSN.Q.A.1

CCSS.HSN.Q.A.2

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

$750

$600

$500

$650

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSN.Q.A.1

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

$2000

$2500

$3000

$1500

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

$360

$320

$400

$240

Tags

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

$102.50

$105.00

$110.25

$115.00

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

$1687.36

$1624.86

$1560.00

$1728.00

Tags

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.LE.B.5

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