Simple Interest Check
Quiz
•
Mathematics
•
7th Grade
•
Practice Problem
•
Easy
Standards-aligned
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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