
Simple Interest Quiz
Authored by Kevin St. Hill
Mathematics
9th Grade
CCSS covered
Used 1+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Principal = $500
Interest Rate = 5%
Time = 5 years
What is the interest earned?
$95
$125
$105
$135
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The simple interest formula is I=PRT. What does the T represent?
Principal
Time, in hours
Interest
Time, in years
Tags
CCSS.8.EE.C.7B
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Write 0.37 as a percent (%)
37%
.37%
3.7%
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What does the "I" in the interest formula stand for?
Principal
Rate
Time
Interest
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What does the "R" in the interest formula stand for?
Rate
Principal
Interest
Time
Tags
CCSS.8.EE.C.7B
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Dan borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back IN TOTAL after 2 years?
$150
$1350
$192
$1392
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
How much interest will be earned for principal of $2,000 at and 8% rate for 5 years.
$160
$80,000
$800
$16
Tags
CCSS.7.RP.A.3
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