
Simple Interest Formula Test
Authored by Matthew Klem
Mathematics
7th Grade
CCSS covered
Used 36+ times

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16 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
John invests $600 in a savings account. The account earns 5% annual interest. What is the amount of interest earned after 2 years?
John invierte $600 en una cuenta de ahorros. La cuenta genera un interés anual del 5%. ¿Cuánto interés genera después de 2 años?
$30
$60
$90
$660
Tags
CCSS.HSF.BF.A.2
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Stasia invests $5200 in a savings account. It earns 7% annual interest. What is the account balance after 54 months?
Stasia invierte $5200 en una cuenta de ahorros. Gana un 7% de interés anual. ¿Cuál es el saldo de la cuenta después de 54 meses?
$1638
$6838
$8476
$10114
3.
FILL IN THE BLANK QUESTION
15 mins • 1 pt
Laurita invests $1500 in a savings account. The account earns 8% annual interest. What is the amount of interest earned after 42 months?
Laurita invierte $1500 en una cuenta de ahorros. La cuenta genera un 8% de interés anual. ¿Cuánto interés genera después de 42 meses?
Tags
CCSS.HSF.BF.A.2
4.
FILL IN THE BLANK QUESTION
15 mins • 1 pt
Damien invests $3000 in a savings account. It earns 8% annual interest. What is the balance of the account after four years?
Damien invierte $3000 en una cuenta de ahorros. Gana un 8% de interés anual. ¿Cuál es el saldo de la cuenta después de cuatro años?
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Juan invests $400 in a savings account. If the account earns $24 in simple interest after 2 years, what is the annual interest rate?
Juan invierte $400 en una cuenta de ahorros. Si la cuenta genera $24 en intereses simples después de 2 años, ¿cuál es la tasa de interés anual?
3%
4%
5%
6%
Tags
CCSS.6.EE.A.2C
6.
FILL IN THE BLANK QUESTION
15 mins • 1 pt
Nikita invests $2000 in a savings account. If the account earns $150 in simple interest after 15 months, what is the annual interest rate?
Nikita invierte $2000 en una cuenta de ahorros. Si la cuenta genera $150 en intereses simples después de 15 meses, ¿cuál es la tasa de interés anual?
Tags
CCSS.6.EE.B.7
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
How long will it take to earn $1400 in simple interest when you invest $4000 at 7% annual interest?
¿Cuánto tiempo tomará ganar $1400 en interés simple cuando inviertes $4000 al 7% de interés anual?
3 years
4 years
5 years
6 years
Tags
CCSS.6.EE.B.6
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