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7th Grade
•25 Qs
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untitled
Quiz
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
+7
Standards-aligned
Justine Edington
Used 1+ times
FREE Resource
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25 questions
Show all answers
1.
DROPDOWN QUESTION
1 min • 1 pt
Ivan deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?
What is the principle? (a)
What is the rate? (b)
What is the time? (c)
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The simple interest formula is I=Prt. What does the t represent?
Tags
CCSS.8.EE.C.7B
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jacob borrows $500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5%. How much will the total amount be that Jacob owes?
$565.70
$262609.38
$65.70
$630.20
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Julia invested $1000 for college in an account earning 5% compounded annually. When she checked the account after 4 years, how much money did she find in the account?
Not enough
$563.24
$1215.51
$3200.12
Tags
CCSS.HSF-LE.A.1C
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Holly is taking out a loan in the amount of $10,000. Her choices for the loan are a 4-year loan at 4% simple interest and a 6-year loan at 5% simple interest. What is the difference in the amount of interest Holly would have to pay for each of these two loans?
Tags
8.12.D
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