Ratios, Percents & Interest Rates

Ratios, Percents & Interest Rates

8th - 11th Grade

20 Qs

quiz-placeholder

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Ratios, Percents & Interest Rates

Ratios, Percents & Interest Rates

Assessment

Quiz

Mathematics

8th - 11th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, 6.RP.A.3C, 6.RP.A.3B

+6

Standards-aligned

Created by

Angela Truesdale

Used 226+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the total amount of interest if interest is compounded annually (once a year). Principle of $2750 at 8% for 2 years. (round to the nearest cent)

$220.50

$457.60

$660.60

$237.60

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The simple interest formula is i = P r t

What does the t represent?

Principle

Interest Rate

Number of times interest is compounded

Number of years

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Calculate the Simple Interest:

Principle : $350

Interest Rate : 2.5%

Time : 3 years

$7.50

$26.25

$87.50

$262.50

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The simple interest formula is i = P r t

The P represents the principle. Principle means . . .

the amount of money borrowed or deposited

the percent interest for this year

the amount taxed

the amount the bank awards you for being a customer at their bank

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?
$150
$192
$1350
$1392

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Write the decimal as a percent: 0.37

37%

3.7%

0.37%

370%

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Daniel has dinner at a restaurant and the cost of his meal is $28.00. Because of the service, he wants to leave a 20% tip. What is his total bill including tip?

33.60

40.00

24.60

30.50

Tags

CCSS.6.RP.A.3C

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