UNIT 5 Review

There are 20 questions in a test and you get 75% correct. How many questions do you get right?

• 15

• 12

• 10

• 5

Tags

CCSS.6.RP.A.3C

What is the formula for simple interest?

• I=rt

• I=prt

• I=bh

• I=Bh

Tags

CCSS.7.RP.A.3

Principal = $500
Interest rate = 5%
Time = 5 years
What is the interest earned?

• 95

• 105

• 125

• 135

Tags

CCSS.7.RP.A.3

Emily's parents deposited $1500 in her bank account for college tuition at a simple interest rate of 8.25%. What will be the interest after 18 years?

• $22,275

• $2,227.50

• $12,375

• $3727.50

Tags

CCSS.7.RP.A.3

Mark took a loan of $25,690 to buy a new truck at a simple interest rate of 5.2%. How much interest will he pay for his truck after 5 years?

• $6,679.40

• $32,369.40

• $66,794

• $679.40

Tags

CCSS.7.RP.A.3

Olivia wants to buy some new furniture for her home. She decides to buy the furniture on credit with a simple interest of 9.5%. If she spent $7400 on furniture, how much interest will she have paid after 8 years?

• $5,624

• $13,024

• $56,240

• $1302.40

Tags

CCSS.7.RP.A.3

The Henleys took out a new mortgage loan of $195,000 at a simple interest rate of 4.3%. How much will they pay in interest after 30 years?

• $446,550

• $2515.50

• $25,155

• $251,550

Tags

CCSS.7.RP.A.3

Convert 18 months to years. 

• 18 Years

• 1.5 Years

• .18 Years

• Cannot be converted to years.

Tags

CCSS.4.MD.A.1

Calculate the interest earned on a savings account of $4,500 that earns 2.5% simple interest over three years.

• $338.00

• $33.80

• $33.75

• $337.50

Tags

CCSS.7.RP.A.3

Jerry borrowed $4,000 for 5 years at a simple interest rate of 6%. How much interest is that?

• $800

• $1,000

• $1,200

• $1,500

Tags

CCSS.7.RP.A.3