Simple Interest

Javon has a credit card with a $1,583 balance. His interest rate is 8.8%. If he does not pay for 3 years, how much interest does he owe?

• $4,179
• $417.91
• $133,930
• $41,791

Sabrina savings account earns 5% interest rate per year. The principal is $1,200. How much interest has he earned in 4 years?

• $240
• $24.00
• $2.40

Kiyon's credit card had a balance of $5,200. The interest rate on the card was 12% each year. He took 3 years to pay it off. How much was the interest after 3 years?

• $18.72
• $1,872
• $187.20

It took Jabril 5 days to find the perfect car. He brought a  car that cost $23,500 and wanted to pay it off in 6 years. The interest rate was 4%. How much did she owe on the car after 4 years? 

• $5640
• $56.40
• $5,640
• $3,760

Allison was left an inheritance from her Aunt Lisa. She can not touch the money until she is 21 years old, Allison is now 12 years old and inherited $50,000 that was put into an account with 2% interest. How many years until Allison is 21 years old?

• 12
• 21
• 8
• 9

Allison was left an inheritance from her Aunt Lisa. She can not touch the money until she is 21 years old, Allison is now 12 years old and inherited $50,000 that was put into an account with 2% interest. How much interest will Allison have earned at her 21st birthday?

• $900
• $100,000
• $9,000

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

• 95
• 105
• 125
• 135

Tags

CCSS.7.RP.A.3

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?

• $120
• $144
• $1,200
• $1,440

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3