Grade 9 Simple Interest Quiz

Calculate the simple interest on a principal amount of $2000 at an interest rate of 5% per annum for 3 years.

• $150

• $250

• $300

• $100

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

Find the simple interest on $1500 at 8% per annum for 4 years.

• $400

• $300

• $480

• $200

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

If the simple interest on a certain sum of money for 2 years at 4% per annum is $80, find the principal amount.

• 1000

• 1500

• 2000

• 500

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.CED.A.4

The simple interest on a certain sum of money at 6% per annum for 5 years is $900. Find the principal amount.

• 6000

• 4500

• 1500

• 3000

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.CED.A.4

If the simple interest on a certain sum of money for 3 years at 7% per annum is $315, find the principal amount.

• P = 2500

• P = 1000

• P = 2000

• P = 1500

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.CED.A.4

The simple interest on a sum of money is 4/5 of the principal. If the rate of interest is 5% per annum, find the time period.

• 10 years

• 4 years

• 2 years

• 6 years

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.CED.A.4

CCSS.HSA.SSE.A.1

CCSS.HSA.REI.A.2

Find the rate of interest if the simple interest on $2500 for 2 years is $500.

• 15%

• 10%

• 5%

• 20%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.CED.A.4

If the simple interest on a certain sum of money for 4 years at 6% per annum is $240, find the principal amount.

• P = 1500

• P = 500

• P = 1000

• P = 300

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.CED.A.4

The simple interest on a certain sum of money at 10% per annum for 2 years is $400. Find the principal amount.

• 1500

• 2500

• 2000

• 1000

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.CED.A.4

A sum of money amounts to $882 in 2 years and to $926 in 3 years. Find the sum and the rate of interest.

• The sum is $800 and the rate of interest is 5%

• The sum is $800 and the rate of interest is 3%

• The sum is $950 and the rate of interest is 4%

• The sum is $700 and the rate of interest is 6%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

CCSS.HSA.CED.A.2