Search Header Logo

Simple Interest Concepts

Authored by Wayground Content

Business

12th Grade

Used 1+ times

Simple Interest Concepts
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rearrange the formula to find T: T = @@\frac{I}{P \times R}@@.

Find the Missing Values for Time.

Calculate the Total Power.

Determine the Resistance Value.

Evaluate the Current.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

P in the simple interest formula

Principal amount (initial loan or investment)

Percentage rate of interest

Time period for the investment

Total amount after interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Always convert interest rates to decimals (e.g., 8% → 0.08).

Quick Tips for Success: Interest Rates.

Always use whole numbers for interest rates.

Interest rates should be ignored in calculations.

Convert interest rates to fractions.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is charged or earned in Simple Interest?

Money on a loan or investment

A fixed fee for service

A percentage of the principal amount

An annual tax on savings

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Simple Interest is the amount of money charged on a loan or earned on an investment over time.

What is the term for this concept?

Simple Interest

Compound Interest

Loan Interest

Investment Return

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Compounding Frequency

Compounding frequency has no effect on compound interest.

Compounding frequency significantly affects the growth of compound interest.

Compounding frequency only matters for short-term investments.

Compounding frequency is irrelevant to interest calculations.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the principal amount in the example calculation?

$3,000

$4,000

$5,000

$6,000

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?