Simple Interest
Authored by Ricardo de la Cruz
Mathematics
8th Grade
CCSS covered
Used 3+ times
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18 questions
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1.
DROPDOWN QUESTION
1 min • 1 pt
Amy deposits $200 in the bank for 5 years. She earns 5% interest. She made (a) in interest.
Tags
CCSS.HSF.BF.A.2
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Howard borrowed $4,000 from the bank at an interest rate of 8%. He has to pay it back in 2 years. How much interest will he pay?
$640
$64
$74
$460
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Danny earned $100 in interest on $800 that he deposited in the bank for 5 years. What was the interest rate?
0.025%
2.5%
.25%
25%
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Caiden 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.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Emily’s parents put $1500 in her bank account for college tuition at a simple interest rate of 8.25%. What will be the balance after 18 years?
$22,275
$2227.50
$12,375
$3727.50
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mark 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.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a______.
Tags
CCSS.7.RP.A.3
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