What does the I stand for in the simple interest equation?
Simple Interest and Percentages

Quiz
•
Mathematics
•
7th Grade
•
Hard
Anthony Clark
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Income
Igloo
Ice
Interest ($)
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the P stand for in the simple interest equation?
People
Principal
Percent
Pension
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the r stand for in the simple interest equation?
Roses (petals)
Random (decimals)
River (gallons)
Rate (% as decimal)
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the t stand for in the simple interest equation?
Time
Tents
Totals
Teeth
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
John put 14,000 Euros in an account at a simple interest rate of 1% per year. How much interest will he get after 12 years?
16,800 Euros
168,000 Euros
1,680 Euros
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Jerry borrowed $4,000 for 5 years at 6% simple interest rate. What will the value of Jerry's account be after 5 years?
$520,000
$120,000
$5,200
$1,200
7.
OPEN ENDED QUESTION
1 min • 1 pt
Jane deposited $22,000 at a bank that pays 10% interest. Bill deposited $16,000 at a bank that pays 16% interest. Who will receive more interest in a year, and by how much more?
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