
Mastering Simple Interest Concepts
Quiz
•
Others
•
5th Grade
•
Practice Problem
•
Easy
Christ King
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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the simple interest on a principal of $200 at a rate of 5% for 3 years?
$50
$15
$20
$30
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If the simple interest earned is $60 and the principal is $300, what is the interest rate?
15%
20%
25%
30%
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A loan of $500 is taken for 4 years at a simple interest rate of 6%. How much interest will be paid?
$100
$150
$120
$60
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If you want to earn $50 in interest from a principal of $400, what interest rate do you need over 2 years?
6.25%
7.5%
5%
8%
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Calculate the time period if the principal is $800, the interest is $120, and the rate is 3%.
4 years
6 years
5 years
10 years
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the principal amount if the simple interest is $90, the rate is 4%, and the time is 5 years?
600
450
300
150
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If you invest $1,000 at a simple interest rate of 7% for how many years will you earn $140 in interest?
5 years
1 year
3 years
2 years
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