Simple Interest Solving for I
Authored by Anthony Clark
Mathematics
8th Grade
CCSS covered
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17 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Calculate the simple interest on a loan of $10,000 with a rate of 6.8% for 8 years.
$5440
$15440
$54400
$544000
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the amount of interest earned on a loan of $3999 with a rate of 2% to be paid over 2 years?
$15.99
$159.96
$1599.60
$15996
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Starting money = $350
Interest rate = 5.5%
Time = 36 months
How much interest?
$7.50
$57.75
$87.5
$262.50
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
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
6.
MATH RESPONSE QUESTION
1 min • 1 pt
Beatrice deposits $525 in an account that pays 4.3% simple annual interest. If she keeps the money in the account for 12 years, how much INTERESTwill she earn?
(Round to the nearest cent)
I = Prt
Mathematical Equivalence
ON
Tags
MA.912.FL.3.2
7.
DRAG AND DROP QUESTION
1 min • 1 pt
Ayden has $250 to deposit in an account. He is saving to buy some Jordan 4's. He put his money in a simple interest account at Wells Fargo with a rate of 5%. He plans to leave the money in the eaccount for 36 months? Which formula should we use to find the interest? (a) What is the P? (b) What is the r? (c) What is the t? (d) How much interest will Ayden earn? (e)
I = prt
250
0.05
3
37.50
A = P (1+r) t
36
3750
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