
Simple Interest Check
Authored by Julia McCavitt
Mathematics
7th Grade
CCSS covered
Used 11+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Susie opens a simple interest checking account. After 6 months, her account grew from $500 to $508.75. What is the interest rate (to the nearest whole percent) on her account?
3.5%
17%
0.3%
50%
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A couple took out a $5,000 loan from the bank. The loan had a simple interest rate of 7.5% per year. By the end of the loan, the couple had paid $2,250 in interest. What was the length of the couple’s loan?
6 years
4 years
7 years
5 years
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
P= $50 R= _____ T= 3 years I=$12
8%
4%
6%
10%
Tags
CCSS.6.RP.A.3C
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The money you earn on an investment is called...
Interest
Principal
Rate
Time
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The amount you start with or invest is called what?
Interest
Rate
Principal
Time
Tags
CCSS.8.EE.C.7B
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Find the interest on a loan of $2500 that is borrowed at 9% for 7 months.
4 years
$131.25
$1,080
$230.23
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
p=$8,500 r=6.5% t=144 months, what is the interest accrued?
$131.24
$6,630
$261
$6,360.23
Tags
CCSS.7.RP.A.3
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