EXERCISE 1 CH 3

EXERCISE 1 CH 3

University

25 Qs

quiz-placeholder

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EXERCISE 1 CH 3

EXERCISE 1 CH 3

Assessment

Quiz

Mathematics

University

Hard

CCSS
7.RP.A.3, HSF.BF.A.2, 6.EE.B.7

+4

Standards-aligned

Used 5+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

The simple interest formula is I=Prt. The P represents the principal. The principal is ___________________.

the amount of money

the percent interest for his year

the rate

the percent proportion

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Alexton the Skeleton borrowed $4,000 for 5 years at 6% simple interest rate to pay for his band equipment. How much interest is that?

$800

$1,000

$1,200

$1,500

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

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

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. What will the value of Jerry's account be after 5 years?

$520,000

$120,000

$5,200

$1,200

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

Pennywise puts $300 in a bank account earning 4% interest. How much will he earn in interest in 1 year?

4

8

12

16

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Mr. Pham has $410,000 in a retirement account that earns 3.85% simple interest each year. Determine the amount earned each year by this investment.

$15,785

$157,850

$425,785

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Maria borrowed $3,000 at a simple interest rate of 4% per year.  How much did she have to repay after 4 years?
$480
$3,480
$4,800
$7,800

Tags

CCSS.7.RP.A.3

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