Simple Interest and Percentages

Simple Interest and Percentages

7th Grade

20 Qs

quiz-placeholder

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Simple Interest and Percentages

Simple Interest and Percentages

Assessment

Quiz

Mathematics

7th Grade

Hard

Created by

Anthony Clark

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the I stand for in the simple interest equation?

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

Media Image

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

Media Image

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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