Simple and Compound Interest
Quiz
•
Mathematics
•
12th Grade
•
Practice Problem
•
Medium
+1
Standards-aligned
Sharmaine Fajardo
Used 55+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the simple interest formula?
I= P•R•T
I= R•T
R=I•P•T
P=I•R•T
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does "I" represent in the simple interest formula?
rate
principal
interest money earned
borrowed money
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When using the simple interest formula, time needs to be entered in terms of ____?
seconds
years
days
months
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The "principal" can be described as ______.
the interest of the money collected
the starting amount of money
the time it took the money to grow
the bank where money is invested
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is 8.25% in decimal form?
82.5
8.25
0.825
0.0825
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is not needed to calculate the simple interest?
principal
interest rate
time
term
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
How would you enter 3 months into the simple interest formula?
0.5
0.3
0.25
3
Tags
CCSS.6.EE.B.6
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