Understanding Simple Interest Calculations
12th Grade
•12 Qs
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Understanding Simple Interest Calculations
Quiz
•
Mathematics
•
12th Grade
•
Hard
+11
Standards-aligned
Shaneka Lee
Used 5+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Benjamin earned $475 from mowing lawns last summer. He deposited this money in an account that pays a simple interest rate of 3.8%. What will be the amount of interest earned after 15 years?
$3182.50
$270.75
$2707.50
$745.75
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Ryan took out a loan for $25,690 to purchase a new truck at a simple interest rate of 5.2%. How much interest will he pay on his truck after 5 years?
$6,679.40
$32,369.40
$66,794
$679.40
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
CCSS.HSN.Q.A.1
CCSS.HSN.Q.A.2
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
$750
$600
$500
$650
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSN.Q.A.1
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
$2000
$2500
$3000
$1500
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
$360
$320
$400
$240
Tags
CCSS.HSA.CED.A.4
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
$102.50
$105.00
$110.25
$115.00
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
$1687.36
$1624.86
$1560.00
$1728.00
Tags
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.LE.B.5
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