Final 7th Grade Math 2024

The simple interest formula is I=Prt. The P represents the principal. The principal is ___________________.

• the amount of money

• the percent interest for his year

• the rate

• the percent proportion

The simple interest formula is I=Prt.  What does the t represent?

• Principle
• Interest
• Time, in hours
• Time, in years

What does the "I" in the interest formula stand for?

• Principal
• Interest
• Rate
• Time

What does the "p" in the interest formula stand for?

• Principal
• Interest
• rate
• time

Write the percent as a decimal. 
3.25%

• .0325
• .325
• 3250
• 32.5

Tina invested $2,000 in a simple interest account and earned 8% rate for 5 years. What is the interest that she earned on the account?

• $160

• $800

• $80,000

• $16

How much interest is earned over 15 years on an investment of $7,000 with an annual interest rate of 9.25%?

• $9,712.50

• $647.50

• $16,712.50

• $7,043.17

Q. Find 24% of 66.

Q. 15 is what percent of 18.75?

34% of what number is 51?

• 69
• 71
• 150
• 196