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Simple Interest and Single Percent

Authored by Anthony Clark

Mathematics

7th Grade

CCSS covered

Simple Interest and Single Percent
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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The time in which a sum of ₹4,000 will yield a simple interest of ₹1200 at 12% per annum is

2 year

2 ¹⁄² year

3 year

5 year

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

1 min • 3 pts

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

the amount of money borrowed or deposited

the percent interest for his year

the amount taxed

the amount the bank owes you for being a customer at their bank

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

1 min • 3 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

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?

$150

$192

$1350

$1392

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Riley invested $1,000 in a savings account. If the account earns 6.75% simple interest, what is the balance in her account after 15 years?

$1,012.50

$10,012.50

$2,012.50

$201.25

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

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

the amount of money borrowed or deposited

the percent interest for his year

the amount taxed

the amount the bank owes you for being a customer at their bank

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

John put 14,000 Euros in an account at a simple interest rate of 1% per year.  How much interest will he get after 12 years?

16,800 Euros

168,000 Euros

1,680 Euros

Tags

CCSS.7.RP.A.3

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