Fin Alg 2.3 - Determining Variable in Simple Interest

Fin Alg 2.3 - Determining Variable in Simple Interest

12th Grade

23 Qs

quiz-placeholder

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Fin Alg 2.3 - Determining Variable in Simple Interest

Fin Alg 2.3 - Determining Variable in Simple Interest

Assessment

Quiz

Mathematics

12th Grade

Easy

CCSS
HSA.CED.A.1, HSA.CED.A.4, HSF.LE.A.1

+10

Standards-aligned

Created by

Danielle Deutsch

Used 7+ times

FREE Resource

23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

You deposit 2000 dollars into an account with an interest rate of 5% for 3 years, what is the interest earned?
Interest
Time
Principal
Rate
End Balance

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A loan of 1500 dollars earns 120 dollars in interest over 4 years. What was the rate of interest?
Interest
Time
Principal
Rate
End Balance

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.A.1

CCSS.HSA.REI.B.3

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If you earn 300 dollars on a deposit of 1000 dollars, and the rate is 3%, how long did the money earn interest?
Interest
Time
Principal
Rate
End Balance

Tags

CCSS.HSA.CED.A.1

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A savings account earns 50 dollars in interest over 2 years with a rate of 4%. What was your initial deposit?
Interest
Time
Principal
Rate
End Balance

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.2

CCSS.HSA.REI.B.3

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If you invest 5000 dollars at an interest rate of 6% for 5 years, how much interest will you earn?
Interest
Time
Principal
Rate
End Balance

Tags

CCSS.HSA.CED.A.4

CCSS.HSA.SSE.A.1

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

You want to earn 250 dollars in interest from a principal of 2000 dollars. What rate of interest do you need if the money is invested for 2 years?
Interest
Time
Principal
Rate
End Balance

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

CCSS.HSN.Q.A.1

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If a principal amount of 1200 dollars earns 90 dollars of interest over 3 years, what is the rate of interest?
Interest
Time
Principal
Rate
End Balance

Tags

CCSS.HSA.CED.A.1

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