Simple Interest - Practice

Simple Interest - Practice

9th - 12th Grade

19 Qs

quiz-placeholder

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Simple Interest - Practice

Simple Interest - Practice

Assessment

Quiz

Mathematics

9th - 12th Grade

Practice Problem

Medium

CCSS
7.RP.A.3, HSF.BF.A.2, 6.RP.A.3C

+2

Standards-aligned

Created by

Nertila Myftaraj

Used 4+ times

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19 questions

Show all answers

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

$3,480
$4,800

$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?

95
105
125
135

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?

$7.50
$26.25
$87.5
$262.50

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

2 mins • 3 pts

Media Image

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

Media Image

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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