Simple Interest Check

Simple Interest Check

7th Grade

10 Qs

quiz-placeholder

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Simple Interest Check

Simple Interest Check

Assessment

Quiz

Mathematics

7th Grade

Practice Problem

Easy

CCSS
7.RP.A.3

Standards-aligned

Created by

M Guyear

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What is the formula for calculating simple interest?

I = R * T

I = P * T

I = P * R

I = P * R * T

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

If the principal amount is $500, the interest rate is 5%, and the time period is 3 years, what is the simple interest?

50

100

150

75

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

If the simple interest is $120, the interest rate is 8%, and the time period is 2 years, what is the principal amount?

750

$960

$480

$240

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

If the principal amount is $800, the simple interest is $160, and the time period is 4 years, what is the interest rate?

2%

10%

15%

5%

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

If the principal amount is $1000, the interest rate is 6%, and the simple interest is $180, what is the time period?

3

2

4

5

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What is the principal amount if the simple interest is $75, the interest rate is 4%, and the time period is 5 years?

375

500

100

200

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What is the interest rate if the principal amount is $600, the simple interest is $90, and the time period is 3 years?

5%

20%

15%

10%

Tags

CCSS.7.RP.A.3

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