Understanding Simple Interest Concepts
Interactive Video
•
Mathematics
•
9th - 10th Grade
•
Practice Problem
•
Hard
Amelia Wright
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the principal amount mentioned in the problem?
$100
$123.50
$190
$10
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many years is the investment period?
5 years
10 years
15 years
20 years
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the correct simple interest formula?
I = P / R / N
I = P * R * N
I = P + R + N
I = P - R - N
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the unknown variable we are solving for in this problem?
Principal
Interest Earned
Time
Interest Rate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What operation is performed to isolate the interest rate in the equation?
Division
Multiplication
Subtraction
Addition
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the decimal form of the interest rate calculated?
0.065
0.75
0.95
0.85
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you convert a decimal to a percentage?
Divide by 10
Divide by 100
Multiply by 10
Multiply by 100
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