Simple Interest Finding Rate

Simple Interest Finding Rate

8th Grade

19 Qs

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Simple Interest Finding Rate

Simple Interest Finding Rate

Assessment

Quiz

Mathematics

8th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, 6.EE.B.6, HSF.BF.A.2

+3

Standards-aligned

Created by

Anthony Clark

Used 1+ times

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is the correct formula for finding simple interest?

I=prt

I=mpy

S=prt

S=mpy

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the correct equation for: Find the interest on $100,000 at an interest rate of 4.2% for one year.

X = 0.042(100,000)

X = 0.42(100,000)

X = 4.2(100,000)

100,000 = 0.042x

Tags

CCSS.6.EE.B.7

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What simple interest would you pay in one year for $14,000 at 13.5%. Which proportion would find the interest?

I have no idea.

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Jack deposited $1,400 in his bank account.  After 3 years, the account earned $294 in interest.  Find the simple interest rate.

5%

8%

7.25%

7%

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

5%

10%

20%

15%

Tags

CCSS.6.EE.B.6

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

3%

6%

9%

12%

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Media Image

What was the annual interest rate the account earns?

Tags

CCSS.HSF-LE.A.1C

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