Simple Interest - Practice
Authored by Nertila Myftaraj
Mathematics
9th - 12th Grade
CCSS covered
Used 7+ times
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19 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
Find the interest
p= $34,100
r = 4%
t = 3 years
4092
40920
4324
3254
Tags
CCSS.HSF.BF.A.2
2.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
Maria borrowed $3,000 at a simple interest rate of 4% per year. How much Interest, did she have to repay after 4 years?
$480
$780
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a______.
fraction
decimal
ratio
dollar amount
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Marcus plans to deposit $20,000 into a savings account.
Bedford Bank offers a rate of 4% simple interest for five years. How much interest is earned?
$2460
$4000
$5204
$4094
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
Mrs. Adele is buying a new tie from Macy's. It says the tie costs $20.00 but there is a sign above it that says 25% off. How much will the tie cost?
$5.00
$18.75
$15.25
$15.00
Tags
CCSS.6.RP.A.3C
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