
Simple Interest
Authored by Daniel Kean
Mathematics
11th Grade
Used 2+ times

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13 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.
$160
$800
$80,000
$16
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.
$135
$13,500
$270
$27,000
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
When Loofa was born, her parents put $8,000 into a college fund account that earned 9% simple interest. Find the amount of interest earned after 18 years.
$720
$20,960
$1,080
$12,960
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Emilio invests $1200 in a bank with 8% simple interest per year. How much will be in the account in total in 2 years?
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.
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